With this recent report, people should take long term care seriously as early as possible. This is no laughing matter especially when you’ve reached the age wherein you need long term care but you don’t have the means to pay for it. No one wants to be in that scary situation, so I hope this would serve as an encouragement for them to plan ahead. According to http://www.ltcoptions.com/planning-for-long-term-care/, planning is essential nowadays especially if you are nearing your retirement years. The cost of long term care is on the rise and life expectancy is much longer these days. These two factors bring the sense of urgency, that people should plan early and secure their future. Instead of ignoring the facts why not start planning today and make a significant difference on your future.
The National Clearinghouse for Long-Term Care Information reported that about 70% of Americans who live to age 65 will need long-term care at some time in their lives, over 40 percent in a nursing home. Learn more by visiting their website and to learn more about how you can plan.
The same report cited the averages: Those who are 65 today will need long-term care services for three years. Women need care for longer (on average 3.7 years) than do men (on average 2.2 years). While about one-third of today’s 65-year-olds may never need long-term care services, 20 percent of them will need care for more than five years.
The most important thing you can do today (at ANY age) is set up a Durable Power-of-Attorney. There may be situations in which even your spouse needs this…
View original post 151 more words