Why Everyone Should Plan For Long-Term Care

Research suggests that most Americans turning age 65 will need some form of assistance with everyday activities, known as long-term care, as they grow older. Because women live longer on average, they are more likely than men to require long-term care. Factors such as a disability, injury or chronic illness also increase the chance that long-term care will be needed.

Know what to expect. Most people know they should save for retirement, but many don’t know exactly what expenses to expect. While most of this care is provided by family members and friends, sometimes older adults and their families get these services from providers like home health aides or residential providers such as nursing homes.

It’s not just about you. A choice to plan or not plan will likely have a big impact on family and friends who may also be informal caregivers.

Take the time to make clear your preferences for what kind of help you value most and where you want to receive it. Family and friends will feel better knowing that you are thinking about your needs – and theirs – by planning for long-term care.

Better active than reactive. Start thinking about ways to maintain your independence, safety and care needs.

For more information, visit longtermcare.gov.

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