Category Archives: Long Term Care

Are You Too Young to Plan for Long-Term Care?


This guest post is contributed by Holly Kidwell, CIC, CPCU, CLTC

Are you too young for long-term care planning? In a word, no. This would be like saying it is too early to start planning for retirement. Just because many people don’t include the possibility of an extended care event in their financial planning, that doesn’t mean it isn’t a good idea. So, why don’t we plan ahead? We’re busy living life. No one wants to think about the possibility that our quality of life could decline at some point. What’s the solution? Don’t focus on what might happen to you; simply consider the consequences to the well being of those you love long enough to do the necessary planning.

What is long-term care (LTC)? A very common answer to this question is “a nursing home.” The reality is that LTC is a response to an event or condition caused by illness, accident or the natural effects of age in which you need assistance with everyday tasks. An extended care event is triggered when one has cognitive difficulty or needs help with two of the six “activities of daily living” such as bathing and dressing. This oversight can be provided in one’s own home (as most prefer), in an assisted living environment or, if it becomes necessary, in a skilled nursing facility.

Why plan ahead?

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