Why Include an Eldercare Planner on Your Professional Team?
by Celeste Heyerichs | October 31, 2024
Including an elder care planner in your team of professionals for retirement planning in Canada can be incredibly beneficial.
Here are 7 reasons why:
- Eldercare planners in Canada bring specialized knowledge about the unique challenges and needs of aging. They can provide insights into aging in place, retirement residence options, long-term care options, healthcare needs, and the best ways to manage these aspects financially within the Canadian healthcare system.
- An eldercare planner ensures that your retirement plan is comprehensive. They help integrate healthcare, housing, and daily living needs into your financial strategy, ensuring nothing is overlooked.
- Eldercare planners often work closely with other professionals, such as financial advisors and estate planners, to ensure that all aspects of your retirement and elder care plans are coordinated and aligned with your overall goals.
- By including an eldercare planner, you can proactively address potential future needs. This helps avoid crises and ensures that you have a plan in place for various scenarios, providing peace of mind.
- Eldercare planners can help manage and potentially reduce costs associated with aging. They can advise on the most cost-effective care options and help you plan for expenses like long-term care, which can be significant in Canada.
- Eldercare planners are adept at navigating the complexities of Canadian healthcare systems and government programs. They can help you understand and maximize benefits from programs like the Canada’s Disability Tax Credit (DTC), Medical Expense Tax Credit (METC), government funded assistance programs and provincial health services.
- Having an elder care planner can also support your family. They can provide guidance and resources to family members who may be involved in caregiving, reducing the emotional and logistical burden on them.
Incorporating an eldercare planner into your retirement planning team ensures a more comprehensive, informed, and proactive approach to aging. Their expertise can help you navigate the complexities of caregiving, manage costs, and provide peace of mind for you and your family.