Being the gym buff that you are that only feeds on vegetables, you might never require long term care resources as you might never need long term care (LTC). Just in case you would, however, are you aware of the current cost of care, let alone the rate of a year’s stay in a nursing home or home care services 15 years down the road?
It’s difficult to force people to accept the fact that that one day their bodies will no longer be as strong as these are today. That one day, they will need a pair of extra hands to guide them in the activities of daily living such as bathing eating, dressing, toileting, continence, and transferring. And that in 2026 the cost of care will increase twofold.
Of course, it is easier to picture a future that is free from financial worries and smothered with comfort rather than one which involves home care, nursing care, and assisted living as these would normally invite the feeling of pessimism which should not be the case.
Growing old is the most natural thing in the world as it is part and parcel of the life cycle. Unfortunately, not many people are ready to face this reality because they are either scared of LTC expenses or they simply do not want to grow old.