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Generally,
long-term
care is the
care people
need when
they can't
perform the
tasks of
ordinary
living
independently.
It isn't a
subject that
most of us
care to
dwell on.
However planning for
long-term
care
expenses is
crucial.
Failure to
plan can
cause you to
be
unprepared
for the
potentially high expenses of
long-term
care.
As you plan
for
retirement,
you ask
yourself
questions
about how
you'd like
to maintain
your
lifestyle,
your
independence
and your
health.
Similar
issues are
at stake as
you plan for
the
possibility
of long-term
care
expenses.
Like
retirement
planning,
long-term
care
planning can
determine
whether
you'll be
able to make
choices
based on
your quality
of life
preferences
or based on
financial
necessity.
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About
9
million
Americans
over
the
age
65
will
need
long-term
care
services,
by
2020.
That
number
will
increase
to
12
million,
while
most
people
who
need
long-term
care
are
age
65
or
older.
A
person
can
need
long-term
care
services
at
any
age. (National
Clearinghouse
for
long-term
care
information,
October
2008) |
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