5 Reasons You Need a Long-Term Care Plan
By Philip Moeller
Surviving to an old age is the dominant good-news story about aging. Improved medical care and better diet and exercise habits, particularly among higher-income seniors, are adding years to lives. This welcome trend, however, is running head-on into the harsh reality that even normally aging older Americans are likely to need expensive long-term care assistance. Few have money or plans for this likelihood.
Here are five compelling reasons for older people and their families to get serious about how they will deal with old-age care needs:
Odds favor needing long-term care. Already, 1 in 7 people over age 65 needs in-home care, and nearly 40 percent of those older than 85 need some form of care, according to a recent fact sheet from the Urban Institute. Another 1.6 million seniors live in nursing homes, and half of them are 85 or older. As many as 70 percent of people who are now 65 will need long-term care at some point during their remaining lives. And the incidence of Alzheimer’s rises with age, with fully half of people 85 and older likely to suffer from the disease.
Care expenses are high and rising. Whether at home or in a nursing facility, long-term care costs have been steadily rising, and can top $100,000 a year for nursing care in an expensive market. As the economy slowly improves, demand for trained at-home caregivers is expected to drive these prices higher.
Andelcare caregivers are available to talk with you and your family about all of your care needs, including, how to reduce caregiver stress while providing better, affordable in-home care to your loved one. Andelcare is a home care agency providing Elder Care in Seattle WA and the surrounding communities.