Episode 53: Healthcare for Aging Parents with Leah McNamara

by Financial Design Studio, Inc. / October 14, 2024

Providing healthcare for aging parents (or yourself!) can be the most expensive part of your financial plan. In this episode, Leah McNamara, an ICU nurse, shares her story and the options you have for finding the right care for both your family and your budget.

Take a listen right here, or head over to your favorite steaming platform!

Key Moments

0:50 Meet Leah!

7:47 Importance of beginning and end of life decisions

13:21 A medical emergency happened. Now what?

20:03 What decisions need to be made?

26:34 What do you need from the hospital?

36:27 What professionals are qualified to provide healthcare?

45:15 What organizations help provide at home healthcare?

48:22 How can you plan?

53:22 What are the responsibilities of the health POA?

58:40 How do you start the conversation?

Links Related to Healthcare for Aging Parents

Here is the list of resources Leah shared:

A Place for Mom
care.com
Elderwerks
Visit your state’s Department on Aging and Senior Services
Trinity Advocacy Group
medicaldecisions.info

Read how you can plan for yourself in our article, “Health Insurance Options for Early Retirement.“

Learn more about the purpose behind each document in our “Estate Planning Checklist.”

We have two other episodes on helping aging parents give responsibility of their care to their kids. Check out episode 28, “Organizing your possessions (or your parents!)” and episode 24, “How to manage your aging parent’s finances.”

Reach out to us at podcast@financialdesignstudio.com if you want to connect with Leah!

Stay Connected!

If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about money. We’ll see you in the next episode.