"In addition, having a qualified third-party as part of the process can be helpful in making the right decisions for loved ones whether financial or healthcare-related. Knowledgeable advisors will be able to recommend a good attorney to help with that specific process," Spickler added.
"A vast majority of those who need long-term care services receive it informally through family and friends," said Dr. Holland. "While studies show providing care for an aging loved one can negatively affect the health and well-being of a caregiver, technology has evolved to support these needs. Caregivers can call upon medication management tools, home safety devices, and online coordination and advisory services to assist with this effort."
Bucklee added, "It is critical that everyone involved in long-term planning have a deeper understanding of what drives consumers to take that next step and also what gets in their way, so they can better help them decide on the best funding options to meet their specific needs."
About Univita Health Univita provides home-based care management through specialized support and in-home interventions to people with complex needs. Univita's comprehensive approach to delivering, integrating and managing home care services, promotes patient independence, improves accountability and lowers health care costs. Univita works with current and emerging population risk managers such as health plans, integrated health systems and physician groups, serving commercially insured working age, Medicare and Medicaid populations. To learn more, visit www.univitahealth.com.About Lincoln Financial Group Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $174 billion as of September 30, 2012. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com. SOURCE Lincoln Financial Group