Caregiving is stressful, yet we continue to fail to plan for long term care services, according to a new research report. And we are woefully misinformed about who will pay for long term care (hint- generally not Medicare). In fact, we are more likely to plan for our death than living with long term care needs.
Talking with your parents, souse and family about long term care should be on the top of the list of anyone over 40. Exploring long term care insurance can be a good way to get informed about how long term care works and how much it costs.