By ltcnews.com on January 22nd, 2024
Many people aren’t prepared for long-term care. According to this Forbes long-term care article, 57% of Americans have not discussed their long-term care needs and preferences with their family or friends.
While this statistic may seem alarming, there are many reasons someone might not plan for long-term care. For example, many people assume health insurance or Medicare covers long-term care. Unfortunately, neither of these options covers long-term care services or facilities.
But why is not planning for long-term care so dangerous? Long-term care can get expensive; it can cost several thousands of dollars a year, depending on how much care you need. If you don’t plan, you could lose everything trying to cover the costs.
In this article, we’ll discuss the consequences of not planning for long-term care. We’ll also explore why some people might not plan for care and how you can start now if you haven’t already.
Some people argue that they may never need care, and while that statement is true for some people, it’s not true for most. Long-term care can happen for several reasons, even if you live a healthy lifestyle. The unfortunate part is that no one can predict whether they’ll need care.
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