Planning ahead for long-term care can be difficult because there are many ways it can impact different people. This column discusses some of the statistics that can provide people guidance with long-term care planning. It goes over the statistics on the age demographics of people needing nursing home care revealing that the odds are an individual will not need nursing home care until he or she is 80 or 85. Some of the key factors that go into determining whether a person will need long-term care include their family history, health and fitness level, and their current family situation. All these factors should be weighed together when planning ahead for the possibility of one day needing long-term care in an assisted living facility.
See Harry S. Margolis, Will You Need Long-Term Care?, Margolis & Bloom, LLP, February 2, 2016.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
