Thursday 23 July 2015

3 Compulsory Points to Ponder Upon while Nursing a Patient from Home

02:02 Posted by Advice on Care No comments
Mother and father are the two important pillars of one’s life. They spend their entire life to plan for the well-being of their child. When their son or daughter gets settled down in their respective lives, the parents think of retiring from their hectic life and staying at home. But as old age grips them, they fall prey to a variety of illnesses. Some stay active under the influence of medication while some take to the bed. When an elder of the family is bedridden due to various circumstances and need long term care, there are plenty of factors that have to be considered and planned in advance so as to avoid bitterness in relationship. Arranging patient care equipment and creating space for them, financial constraints, availing professional helpers to nurse the patient are the three basic points that one has to decide at the very nascent stage. Here are 3 vital points to ponder upon while nursing a patient from home:
  • Infrastructure requirements
Nursing a patient at home is not easy as it looks. For instance, a critical care patient will need special anti-decubitus beds to avoid bed sores, IV’s, urine bags, oxygen masks, patient monitoring systems etc to sustain their life. They should be provided with the same care and facility that they will get at any hospital. Arranging all such equipment is a herculean task. Also, they might need a separate room where they can be rested peacefully. Hence, before deciding to nurse a patient at home, one has to plan for the infrastructure in advance.
  • Cost factors
Nursing a patient from home involves plenty of cost factors. From regular and timely medicine procurement to nursing care fees, all monitory requirements should be considered. Not all types of illnesses can be covered under medical insurances. Hence one has to consult a care fees advisor as to how to plan their medical expenses for the entire span.
  • Professional helpers
It is mandatory that one should take help of professionals like nurses who can come, visit and check on the patient who is ill at home. These professional helpers are pro in their work and hence one can be assured of the patient’s safety. Also, one has to plan the expenses that occur while arranging these professional helpers in advance so that they do not get into a huge shock.

A patient recovers better in a homely environment full of positive energy. If the most primordial features like cost, assistance and space are managed efficiently, patients can forget their illness and will spring back to life within no time.

Five Factors to Check before Subscribing for a Care Fee Annuity Programme

02:02 Posted by Advice on Care No comments
Are you wondering to know about care fee annuity? Well, if yes then you are in the right place. Care fee annuity is a special type of annuity funds that are provided by insurers as a monthly care fee income. A one-time premium sum needs to be insured with the service provider and then for the rest of your life your medical expenses are capped. This is a non-taxable income. Care fee annuity gives the elders an upper hand over their lives as they need not be dependent on their children or anybody for their health care.

When elderly people opt for such policies, they use all their savings to pay the premium amount. If the insurance organization rejects their plea of care home annuity or withholds the money, the elderly people lose money as well as health. Hence, first and foremost you should check the credibility of the insurance company. Moreover, when one narrows down their care fee annuity plans, they must consult with proper care fee specialists or advisories who will be able to call black as black and white as white. The below mentioned five things should be strictly checked before subscribing for a care fee annuity programme.
  • Who are eligible for the annuity?
Most of the annuity plans pays the prime insurer. In case if the insurer is terminally ill, the payout will be transferred to the name of the care taker. This part of nomination of funds should be clearly drafted in the annuity policy.
  • What is the initial premium amount?
The one time payout premium cost is another important parameter. It should neither be too high that it swallows the entire savings nor be too low that one gets a meagre amount as the annuity monthly income.
  • What is the coverage percentage?
Many elders live under the impression that as they have insured for care fee annuity, they can get complete medical aid. This is untrue. Based on the coverage percentage, these policies roll out fixed sum monthly.
  • Are they tax-free?
Generally care fee annuities are tax free income. If there is any special clause added in the policy related to taxation, the insured must have prior information related to the same.
  • What are the payout options?
There are different types of payment options associated with care fee annuities like escalation and capital protection. One must choose the correct mode of payment so that it helps them the most.

Care fee annuity is a brilliant concept where the elders secure their savings to help them in their most vulnerable days. If one can stay away from malicious insurers their life is secured until death. So, it is wise to consult with the care fee advice specialists before subscribing for any plan.