Jeff Caron
Extended Care Specialist
Serving MT, WY, ID, CO
According to a recent poll and article by Yahoo! News caring for a spouse with health needs is more stressful than caring for a parent or even in-laws. Unfortunately, the odds are that you’ll eventually have to give long-term care to a loved one. More than 50% of Americans age 40 or older have given long-term care to someone. Yet only 30% of people who believe they will need to give long-term care are actually prepared to do so. Medicare doesn’t pay for long-term care.
The Yahoo! article reports that “spouses were most likely to report that stress and to say caregiving weakened their relationship with their partner and burdened their finances.” A proactive way to help alleviate the potential stresses of providing long-term care is looking into a long-term care insurance policy. As with any insurance, obviously the best time to purchase a long-term care insurance policy is before you need it.
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