Sometimes it can be a challenge to figure out what you’re doing on a day-to-day basis, much less on a long-term basis. That’s why it’s not surprising so many older adults are currently without a long-term care plan. Even though you might not feel like you need one now, long-term care plans are better decided before the need is urgent.
It is estimated that 70 percent of people over 65 can expect to need some form of long-term care in their lifetime. And contrary to popular belief, long-term care is much more about your personal needs than your medical needs. To help get the discussion about long-term care started in your household, we’ve compiled a list of common myths that might have been holding you back.
Myth: I don’t need long-term care if I’m not sick
While the services provided by long-term care can vary based on the situation, the majority of support is designed to meet your personal care needs, not your medical care needs. Basic every day tasks like bathing, dressing, and eating are some of the most common.
Myth: I don’t need long-term care because I’m sure my family will just take care of me.
While this may very well not be a myth, it’s still a discussion you should have with your family before making the assumption they will provide your care. Nearly 80 percent of at home care is provided by an unpaid family member—so it’s certainly not uncommon—but you want to make sure you and your family members are on the same page.
Myth: Long-term care is just an insurance policy—I don’t need that.
While there is such a thing as long-term care insurance, your long-term care plan is much more than a financial plan. When making your plan, you’ll need to consider who will care for you, where you want to receive your care, and how you will handle the cost of care.
Making a long-term care plan might sound intimidating, but it doesn’t have to be. Sit down and have a discussion with your partner or next of kin and discuss the different scenarios you might face as you age. Being prepared with a plan means you’ll receive care how and where you want to—and on nobody’s terms but yours.