November is Long-Term Care Awareness Month

1 Nov

November is Long-Term Care Awareness Month

No one wants to think about aging, becoming infirm, or being unable to dress yourself, use the toilet, etc. This is why most surveys show that people would rather ignore long-term care planning rather than tackle the issue head on. This cannot continue. November is Long-Term Care Awareness Month and a spotlight needs to be placed on this incredibly important issue.

Long-term care costs have exploded in recent years, and are expected to continue to rise for the foreseeable future. For example, the median annual cost for a private room in a nursing home is projected to cost nearly $130,000 in 10 years, according to an article published by Morgan Stanley.

Here is a video from CBS News about the crisis in long-term care:

Do you have the financial resources to cover that kind of long-term cost? The expense of long-term care services may not be covered by Medicare or other medical plans. This is why you need to have a plan in place to protect you and your loved ones if the time comes for you be admitted to a long-term care facility or hire an in-home nurse.

Reach out to the team of experienced long-term planners at InSight Law today to set up a time to discuss this important issue.

 

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