About 70 percent of people over age 65 require some type of long-term care services during their lifetime. More than 40 percent will need care in a nursing home. Since there is a good chance that you might need long-term care services at some point, it is important to explore your options and plan ahead.
People often put off planning for long-term care because they do not want to think about a time when they might need it. Most people first learn about long-term care when they or a loved one needs care. However, if you wait until you need services to start planning, your options may be limited. You may not be able to find the information you need to make decisions. You may not have the money you need to pay for the services you want. Or you may have to rely on your family or others to make decisions for you.
The Importance of Planning
Planning for long-term care is important because there is a good chance you will need some long-term care services if you live beyond the age of 65. The older you get, the greater the chance that you will need long-term care.
Planning is also important because long-term care can be very expensive, and Medicare and other health insurance programs don’t cover many long-term care services. The cost of long-term care services is often more than what the average person can pay from personal income and savings. Planning ahead gives you the time to save for your long-term care needs or to find the payment options that work best for you if you need services
Planning helps you understand:
This information helps you understand your options, and makes it more likely that you will be able to get and pay for the services you need and prefer.
Will You Need Long Term Care?
Things that increase your risk or make it more likely that you’ll need long-term care include:
How Much Care Will You Need?
Service and support needs vary from person to person and often change over time.
If you need long-term care services and supports, you may receive or use one or more of the following:
Care in any of a variety of long-term care facilities