Posts Tagged ‘long-term-care’
The Importance of Long-Term Care Planning: LTC is really about protecting dignity, independence, and family stability
Long-term care isn’t the most exciting topic, but it’s one of the most financially impactful. The reality is stark: more than 70% of people over age 65 will require some form of long-term care during their lifetime. That could mean assisted living, home health aides, or nursing home care – services that are expensive and…
Read MoreWho qualifies for long-term care insurance coverage in 2025?
By: Angelica Leicht; Edited By: Matt Richardson; CBS News As Americans live longer and healthcare costs grow, planning for future care needs has become increasingly important. After all, nearly 70% of Americans aged 65 and older will require some form of long-term care during their lifetime, according to the U.S. Department of Health and Human Services — and the…
Read More5 ways seniors can lower their long-term care insurance costs in 2025
By Angelica Leicht; Edited By Matt Richardson; CBS News As the costs of healthcare and long-term care continue to rise, the need for long-term care insurance coverage has become increasingly critical for seniors. According to data from Genworth, the average cost of a private room in a nursing home is estimated to be about $10,326…
Read MoreStart Preparing for Your Future Caregiver Today: Simple planning steps you can take to prepare for your own future care
Caregiving is a role that many women take on at some point in their lives, whether it’s for aging parents, a spouse, children, or even friends. According to the National Alliance for Caregiving, women represent 60% of all family caregivers, often balancing these responsibilities alongside their careers and other commitments. While caregiving can be deeply…
Read MoreLong-Term Care Facilities: Types and Costs: Learn about the different types of long-term care facilities, how much they cost and how they can help your loved one.
By Lisa Esposito and Elaine K. Howley from US News Medically reviewed by Michael Tehrani, MD Most older adults end up needing some form of care later in life. Getty Images According to the Administration for Community Living, someone who’s turning 65 today has an almost 70% chance of needing long-term care during their remaining years. About 20% of those…
Read MoreLong-Term Care: Better to be Safe than Sorry
As you enter your “golden years”, perhaps you imagine yourself traveling, visiting grandchildren, or pursuing a favorite hobby. Unfortunately, none of us can predict what the future may bring. But, according to the U.S. Department of Health and Human Services (HHS), more than 70% of individuals over the age of 65 will ultimately require some…
Read MorePrepare for Long-Term Care Before the Need : Despite the dollars, fears and emotions – you can manage with planning
Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed…
Read MorePrepare for Long-Term Care Before the Need: Despite the dollars, fears and emotions – you can manage with planning
Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed…
Read MoreJump Starting the LTC Conversation This Summer: When we turn 65, there will be a 70% chance of needing some type of LTC
Talking about long-term-care (LTC) can be challenging, and it can be especially difficult to know where to start. How you choose to broach the conversation may depend on your loved one’s personality, age, health status, cognitive function, and religious beliefs. If you don’t know how to break the ice, consider the following strategies to jump-start…
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