Some people put off looking into long-term care, either because they think it’s too far down the road or they may not need it altogether.
Despite research showing people are living longer than ever, only 22 percent of respondents to a recent survey believed they would need long-term care in the future, while about one-third thought that their parents, spouses and other family members would need it.
In reality, experts predict that approximately 58 percent of women and 44 percent of men will need long-term care during their lifetimes. Ironically, the healthier you are today, the more likely you’ll need long-term care in the future. That’s because if you’re fortunate enough to live a long, healthy life, you’re more likely to eventually experience the physical and mental effects of old age.
Perhaps part of this denial is simply that people don’t want to pay insurance premiums for something they may never use. However, we have some alternative strategies for how to help afford medical care as part of your retirement income plan in the event that it is needed. Schedule an appointment today, and we’ll help you find a strategy that can fit your particular situation.
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