Long Term Care – Until You Live It

As many of you know, our family made a tough decision to transition my father, Ed, into the memory care unit of a local Assisted Living Facility. Frankly, for my mother, his primary caregiver, it’s been a huge relief, and our family is very happy the decision was made. Having a family member in need of extended care can cause emotional, physical and financial hardships that you can’t imagine, until you live it. But the “financial hardship” is the only one that can be proactively addressed. By doing so, you can now focus your attention on the care giving and where it is to be received as opposed to having to search for ways to keep up with long term care costs.

Now that my family is living it, I want everyone to know one thing…SENIOR CARE IS VERY EXPENSIVE.

If my parents had not addressed long term care before it became an issue, a huge financial drain on our entire family would have been the result, at best! As our baby boomer parents continue to age – and as us Gen-Xers continue to age – long term care insurance is going to be as important as life and disability insurance. So with that, I hope you take the time to read this article about long term care costs going up. Now is the time to protect yourself and your family from these rising costs. A small investment now will pay off significantly in the future.