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Stay in control of your future,
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whether legally, financially or
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with your health.
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Learn the latest strategies and best
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practices from national experts.
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Help yourself help mom and dad make
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the right decisions.
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Welcome to Smart Planning 101.
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Here's Nicole Wipp.
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Welcome to the smart planning
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101podcast, episode 27.
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I'm Nicole Wipp and I'm your host.
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Today, we're going to talk about
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planning for an unexpected
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illness or other health care crisis.
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This is a very important topic
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because the unexpected can happen to
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any of us at any time.
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Thanks for joining me.
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Hi, I'm Nicole Wipp, and today
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I'd like to talk to you about
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planning for an unexpected health
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care crisis.
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Now, this sounds sort
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of funny, right?
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Because planning for
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the unexpected health care crisis
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and what does that mean?
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How do you plan for the unexpected?
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But think about it.
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We do that every day and our regular
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lives. Insurance is really
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the best example of planning
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for the unexpected.
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We buy health care insurance,
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car insurance, homeowner's
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insurance.
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We buy these things because we
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know that it's possible that we're
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going to need health care.
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We know that it's possible we're
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going to get in a car accident.
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We know it's possible our house is
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going to burn down.
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We know that those things are
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possible, not likely, but possible.
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But one thing that is much more
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possible than anything
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is a health care crisis.
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Now, one of the things I want to
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make clear is that
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you can't go around thinking like
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almost everybody does.
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We all think this way.
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And I have been
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one of those people as well, that
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it's not going to happen to us
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or at least that it's not going to
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happen to us while we're young,
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because unexpected
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health care crisis is our unexpected
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events happen to young people
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every single day.
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Now, think about the people in your
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life and you know what I'm saying?
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We all know people that were
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young, had cancer
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and got in a car accident.
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Something happened to them.
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We all know people like that.
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And there's not a lot of those
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people hopefully in our lives, but
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they exist.
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So and then, of course, as
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we age, those
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things happen with increasingly
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increasing frequency.
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Heart attacks, strokes,
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cancers, different types
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of things happen to us as we age.
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And it just becomes increasingly
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likely as we get older that
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we're going to have a health care
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crisis.
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That being said,
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it's definitely still possible while
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we're young.
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And I want to tell you
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a little personal thing about this,
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just to make it very clear how
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likely this is or how possible it
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is. You know, I'm a lawyer
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and not only am I a lawyer, I'm a
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lawyer that deals with this exact
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topic every single day.
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I deal with helping people
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prepare for unexpected
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events.
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And, you know, we do
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estate planning. We do life planning
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in my office.
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And this is the type of thing that
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we do.
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But even though I intellectually
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know and knew that
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it could happen to me as well,
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I didn't really think it would
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just like everybody else.
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Because to be honest with you,
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I'm definitely on the healthier
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side, or I would have been
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considered to be on the healthier
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side of the spectrum of somebody
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my age.
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But in January of this
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year, I had I
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got diagnosed with a very rare
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disease called
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Lymphangioleiomyomatosis.
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Now, this is a very
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rare lung disease that
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in my particular type of case
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is a genetic.
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They think there's a triggering
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genetic event.
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So it's not even something that
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you're necessarily born with.
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It just sort of happens to you.
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And I just happen to be the one of
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the people that happens to.
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Now, I look healthy now.
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I hope at least I do.
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But I can tell you that I
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was in the hospital twenty seven
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days this year and
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it is June while I'm recording
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this. And this happened in January.
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And so I'm telling
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you this because I didn't expect
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this to happen to me.
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I didn't expect to be in the
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hospital. Twenty seven days.
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I didn't expect to get diagnosed
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with this crazy, rare disease.
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I didn't expect any of that.
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But it happened to me.
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And even though this
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is something that I deal with every
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single day, I wasn't
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as fully prepared as I could have
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been. Now, I think I was much more
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prepared than the average person
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made, but I still wasn't as well
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prepared as I could have been.
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So let me just give you a few tips
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about how to prepare.
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And I'm going to very quickly
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talk about the legal ways that you
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should prepare.
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But I'm not going to get into depth
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about that because I want to get
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into depth on those topics in a
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later
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video or podcast.
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But this is the two things
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that you need to prepare for, for an
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unexpected health care crisis
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that are legal documents.
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You absolutely need a
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health care power of attorney and
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a financial power of attorney.
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Absolutely must have these
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documents.
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And I know right now that some of
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you are thinking. But I married my
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husband can take care of that.
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My daughter can take care of that.
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No, do not go
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around thinking that you
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can join
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on my account all these kinds of
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things.
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There are so many mistakes
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or things that people assume when it
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comes to their finances and their
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health that they think that people
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are going to be able to.
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Do they can't do legally for
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them and you don't want to know
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that they can't do it when it's too
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late, and so health care and
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financial powers of attorney are
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absolutely necessary.
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And I am, like I said, going to get
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more in-depth about both of those
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documents and what
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makes them necessary and
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what you need to be making sure is
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included in those in
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a later episode.
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But today, I just want to make
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sure you know that that's part of
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the planning for an unexpected
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health care crisis.
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Whether you're 18 or
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100 all the way in between,
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you need that document because the
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moment you become a legal adult,
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your parents, your loved
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ones, your spouse doesn't
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necessarily have an automatic legal
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right over your stuff.
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And so you just want to make sure
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that that's being taken care of.
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But also, part of
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good planning for an unexpected
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health care crisis is really
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making sure that you have
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the right doctor on your team
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and that you have the right
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family member friend.
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Other person that is in your
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life that's going to be able
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to help you if something happens,
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and what do I mean by that?
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Because when you're healthy, it's
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really hard to understand where I'm
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coming from.
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But you need to think to yourself,
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if I got hit by a car tomorrow
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and I was in the hospital,
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who is going to be the person
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that I'm going to want by my side
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that's going to be able to talk to
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the doctors is going to be
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able to retain the information?
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Is it going to be freaking out
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the whole time while this is
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happening and is
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going to be able to help make
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the right decisions for me
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now?
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Because you know what?
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I'm saying this to you because
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sometimes we automatically say,
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well, our spouse is the best person
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or, you know, whoever, but
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sometimes especially with health
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care stuff, if somebody is not
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able to be
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really good about understanding
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medical things and or
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being able to challenge a doctor, if
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they're saying things that don't
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seem to be making sense or
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in explaining things well enough
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or are telling you things are
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in conflict with what another doctor
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told you, all these things happen.
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They all happen to me.
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You want to make sure that you have
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somebody that's going to be able
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to stand by you and say,
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wait a minute.
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The other doctor said this.
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That doesn't make sense in the
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context of what you're saying to me.
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Explain that again and tell me
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why that's necessary.
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Or, you know, just be able to
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absorb it and then say to you, hey,
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this is what the doctor said, what
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should what do you want to do?
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And then you can say, but I thought
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they said there's no this is what
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the doctor said, you know, sort of
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interpret things for you, because
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when you are in a health care crisis
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yourself,
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you are compromised.
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I mean, listen, I
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am highly functioning
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and able to understand things.
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And I deal with medical things every
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day as a lawyer.
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But, you know, when
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you're in the hospital, you're
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having surgeries, they're giving
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you pain pills and all kinds of
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stuff. Your capacity
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is diminished.
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Doesn't matter whether you actually
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are still have legal capacity.
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Most people a lot of people still
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do, but your capacity is diminished.
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You're not able to understand
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especially things that are as
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complex. So you need to have
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a person or persons
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that, you know are going to be the
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right people that are going to be on
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your team in the event that
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you have an unexpected health care
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crisis. And so you want to make sure
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that, you know, those people are
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you've identified them and they're
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also incorporated into your legal
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documents.
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The other thing, like I said, is
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having the right doctor because
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you don't want to do what I noticed
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so many of us do.
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And I was guilty of this.
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And I talked to many, many people
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that are very guilty of this.
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Is having a primary
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care physician or other doctor
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that does not listen to you,
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does not take your concerns
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seriously, is not willing to
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explain things to you, leaves
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you confused when
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you leave their office
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or doesn't address the
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things that you are feeling are
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crucial to
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your health.
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And this can happen even when you're
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sort of healthy. I mean, if you go
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into the doctor and this is
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an experience I had, I went into
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the doctor and I'm telling this
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doctor that I'm dizzy and
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I'm having, like, all these crazy.
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It was almost like vertigo.
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I felt like I was like going to pass
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out.
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And, you know, it was
00:10:19:02 00:10:21:05
really funny is the doctor
00:10:21:19 00:10:23:08
gave me this Vertigo medication.
00:10:23:15 00:10:24:24
I never ended up taking it,
00:10:25:18 00:10:27:12
but it turned out I was pregnant.
00:10:28:02 00:10:29:02
I was pregnant.
00:10:29:20 00:10:31:04
I never checked me to see if
00:10:31:21 00:10:32:21
I was pregnant.
00:10:33:15 00:10:34:23
You know, stuff like that doesn't
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make a lot of sense.
00:10:36:02 00:10:37:04
And you know what, though?
00:10:37:05 00:10:38:08
This is the worst thing about it.
00:10:38:09 00:10:39:10
And I'm just telling you this
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because you have to understand how
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easy it is for these things to
00:10:41:23 00:10:43:12
happen. I stayed with that doctor
00:10:43:21 00:10:45:11
even after that happened, because
00:10:46:06 00:10:48:03
I sort of chalked it up to I
00:10:48:04 00:10:49:04
don't even know what I chalked it up
00:10:49:05 00:10:50:09
to. You know what I chalked it up to
00:10:50:13 00:10:51:24
convenience. It was convenient for
00:10:52:00 00:10:53:04
me to stay with that doctor.
00:10:53:11 00:10:55:05
But then when I really had a serious
00:10:55:08 00:10:57:01
health care crisis, that doctor was
00:10:57:02 00:10:58:13
absolutely not the right one for me.
00:10:58:19 00:10:59:24
And I very much regretted
00:11:00:14 00:11:02:13
not having sat out the services of
00:11:02:14 00:11:04:12
another doctor prior
00:11:04:16 00:11:06:03
to having this health care crisis,
00:11:06:04 00:11:08:00
because then when I
00:11:08:01 00:11:09:15
needed somebody, I didn't have
00:11:09:16 00:11:10:09
anyone.
00:11:10:10 00:11:12:10
So it's really essential
00:11:12:11 00:11:14:11
to get the right doctor on your team
00:11:14:18 00:11:15:25
and you want to invest the
00:11:16:15 00:11:18:07
time to find that person.
00:11:18:24 00:11:20:19
So this is
00:11:20:22 00:11:22:09
sort of scratching the surface
00:11:22:25 00:11:24:20
of what you can do in times of
00:11:24:21 00:11:26:12
an unexpected health care crisis.
00:11:26:21 00:11:27:24
But I think that if you
00:11:28:22 00:11:30:16
are otherwise healthy person,
00:11:30:20 00:11:32:15
even taking these minor steps,
00:11:33:00 00:11:34:23
trust me when I tell you it
00:11:34:24 00:11:36:25
will take you so much further
00:11:37:06 00:11:38:24
than if you don't
00:11:39:02 00:11:41:05
have any preparation whatsoever.
00:11:41:12 00:11:42:22
The stress on yourself and on
00:11:43:10 00:11:45:03
the other people that you love is
00:11:45:04 00:11:46:06
just not worth it.
00:11:46:09 00:11:47:22
And so you want to at least get
00:11:48:08 00:11:49:21
some of these little things in place
00:11:49:22 00:11:51:03
that are easy to do.
00:11:51:07 00:11:52:22
By the way, they're easy, it may
00:11:52:23 00:11:54:15
sound a little bit daunting, but it
00:11:54:18 00:11:56:13
really is pretty easy to do
00:11:56:21 00:11:57:21
and that is part of
00:11:58:21 00:12:01:03
smart planning for yourself
00:12:01:04 00:12:02:06
and for those that you love.
00:12:02:19 00:12:03:19
I hope that helps.
00:12:04:05 00:12:05:05
Let me know what you think.
00:12:05:06 00:12:06:06
Thank you.
00:12:10:25 00:12:12:08
Thank you for joining me on this
00:12:13:08 00:12:14:08
podcast.
00:12:14:12 00:12:16:03
For more information, please visit
00:12:16:06 00:12:16:18
smartplanning101.com/27
