3. Seek help. Individuals should take an active role in their financial planning but also recognize they don't have to have all the answers. "It's in your best interest to assemble a team to provide you with good advice and assistance," Gada said. "This can include hiring an attorney, insurance agent and tax advisor, as well as http://www.allsup.com/About-SSDI/Choosing-Representation.aspx [choosing a professional representative to help you apply for SSDI benefits]. You'll also need help to choose a Medicare plan. Just remember, you're the team captain."
4. Gather tools. Time may be the most valuable tool. "Procrastination is not an option here. Use your time wisely," Gada said. Take advantage of financial planning software and calculators, legal tools such as wills and powers of attorney, and evaluate all of your insurance coverage (life, medical, long-term disability and others). Important: Read the fine print for pre-existing condition exclusions.
5. Make choices. "As your situation changes, so do your choices," Gada explained. "This is an ongoing process. Once you begin financial planning, you're demonstrating the decision to stay in control of your situation as much as you possibly can."
Choosing between different options requires an active role. "Ultimately, you are empowering yourself," Gada said. "As your disease progresses, you are going to be in a better situation if you've already planned for the next steps, including having to quit work and focus on
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