RISK OF NEEDING LONG-TERM CARE.
No one can predict if you will need long-term care.
But the longer you live, the greater your chances of needing
some kind of assistance:
At ages 65-74: About 3% of men and women typically need
help with ADLs or have Alzheimer’s disease.
At age 85 and older: 24% of men, 38% of women need help
with ADLs. Nearly half of elders in this age group may
have Alzheimer’s disease.
Curious about your longevity? Check out the life
OUTLIVING YOUR RESOURCES
Due to advances in medical technology, even people with
a severe impairment can live for many years.
- Conditions such as Parkinson’s Disease or multiple
sclerosis (MS), which often show up in mid-life, can require
decades of care.
- People with Alzheimer’s disease may live for 8-20
years with this condition.
- Fewer people are dying of heart disease or stroke, but
these conditions are among the leading causes of disability
in the United States.
When the need for long-term care comes unexpectedly, families
are often forced to make quick decisions. Many are not aware
of their options. Without a long-term care plan, it can
be hard for elders to feel that they are in control of their
life and able to make their own decisions.
Planning helps diffuse many of the emotional challenges
that surround long-term care. These can include:
- The sudden turnaround in roles when elders need to rely
on their children for help.
- Elders who are reluctant to move to a safer and more
secure environment because they are afraid of giving up
- Family disagreements about caregiving responsibilities
and who should pay for services.
- Guilt and frustration when family members realize that
they cannot afford the long-term care facility or services
IMPACT OF CAREGIVING ON FAMILY
Among older people who need long-term care, 65% rely exclusively
on family for assistance. But many families are not prepared
for the amount of work and responsibility that comes with
caring for an impaired elder. This type of support often
takes a heavy physical, emotional, and financial toll on
- Providing care can make it impossible for caregivers
to take care of a family and keep up with their responsibilities
at work. 33% of working women caregivers decreased their
work hours, while 29% passed up a job promotion, training,
or assignment. 22% took a leave of absence.
- Family members often help pay the cost of care, which
can disrupt their financial plans and limit their ability
to save for their own retirement.
- Family caregivers may become exhausted and socially
isolated, which can lead to depression and illness. 25%
of women caregivers have health problems as a result of
their caregiving activities.
LTC Planning Guide...