Courtesy of the National Institutes of Health National Institute on Aging - Age Page March 2012
Ben has been married for 47 years. He always managed the family’s money. But since his stroke, Ben can’t walk or talk. His wife, Shirley, feels overwhelmed. Of course, she’s worried about Ben’s health. But on top of that, she has no idea what bills should be paid or when they are due.
Across town, 80-year-old Louise lives alone. One night, she fell in the kitchen and broke her hip. She spent a week in the hospital and 2 months in a rehabilitation nursing home. Even though her son lives across the country, he was able to pay her bills and handle her Medicare questions right away. That’s because, several years ago, Louise and her son made a plan about what he should do in case Louise had a medical emergency.
No one ever plans to be sick or disabled. Yet, it’s just this kind of planning that can make all the difference in an emergency. Long before she fell, Louise had put all her important papers in one place and told her son where to find them. She gave him the name of her lawyer as well as a list of people he could contact at her bank, doctor’s office, insurance company, and investment firm. She made sure he had copies of her Medicare and other health insurance cards. She added her son’s name to her checking account, allowing him to write checks from that account. His name is on her safe deposit box at the bank as well. Louise made sure Medicare and her doctor had written permission to talk with her son about her health and insurance claims.