Health Conditions that Should Be Considered When Planning for the Future
When planning for a brighter future, make sure to consider these health conditions. Baby boomers, in particular, are prone to age-related diseases and medical conditions that may put a dent on even the best plans. Identifying these ailments may not only help in securing one’s health and fitness needs – it’ll also lead to a tomorrow that’s worth looking after for.
The Case of Social Isolation
We’ve previously discussed the many benefits of keeping in touch with loved ones and family in our article, The Connection of a Vibrant Love Life with Your Health. Loneliness, which may stem from social isolation, can be a condition that most boomers would often disregard for something minor. Yet individuals who do not address this issue may find themselves in a ditch – anxiety, depression, and even chemical abuse may result from loneliness.
And this is why constant communication even during the planning phase of one’s retirement may offer the difference between a brighter and darker tomorrow. Planning is a team game: regardless if it’s with family and friends or even insurance agents and financial experts, the benefits of human interaction offer so much for a boomer.
Watch Out for Type 2 Diabetes
The Centers for Disease Control stated that individuals from the ages of 65 to 74 years old are more likely to be diagnosed with Type 2 Diabetes than those from the younger generations. Additionally, unhealthy lifestyles which lead to obesity are also linked to this form of Diabetes.
Considering your choices and if it may lead to a higher chance of being diagnosed with Type 2 Diabetes can be a good approach on how you should tackle your retirement plan.
Heart Disease: Leading Cause of Death
Additionally, Type 2 Diabetes may also lead to heart disease. And as the leading cause of death among boomers, this is a health condition that needs to be placed with much emphasis during planning for the future. Tobacco is also one of the main reasons why heart disease settles in – if you smoke, please consider quitting this vile habit before it’s too late!
Making Sense of Alzheimer’s Disease
According to the Alzheimer’s Foundation of America, there are over 5.1 million individuals in the country diagnosed with Alzheimer’s disease. Also, this form of dementia is seen to rise among the aging population. Although there is no way to anticipate Alzheimer’s, including the necessary tools or strategies in anticipation of dementia, will help in case it does happen. Please make sure that your retirement plan has solutions such as Long Term Care Insurance (LTCI) or Medicare Supplements (also known as Medigap) included!
More on the two mentioned solutions: LTCI will be a critical policy to invest in, considering the rising costs of long term care in the country. To give you an idea of how much costs are, here a few examples:
Long Term Care Monthly Costs:
- Adult Day Health Care Cost – $1,473
- Home Health Aide Cost – $3,861
- Nursing Home Care (Private Room) – $7,698
The high costs, if not address with an LTCI policy, will definitely deplete one’s savings in a quick manner. For other medical concerns, Medicare Supplements may just be the coverage you need. Medigap policy basics do vary, but the bottom line is that these insurance plans will help in paying for out-of-pocket expenses not covered Original Medicare plans. Additionally, Medicare Supplemental Policies come in ten standardized plans. This just means that applicants have the convenience and power to select a plan that will best address both their needs and preferences.
Do you have other health conditions to include in the list above? Please let us know below! And also, please let us know of any feedback or ideas that you want to be featured in our blog section. We need all the help we can get in creating content that will cater to you and other readers’ retirement needs. Only through this form of collaboration can we work to create something beneficial and beautiful for everyone concerned.
Leave a Reply