Nearing Retirement? Why You Should Start Thinking About Long-Term Care Now

Today, seven in 10 nursing home residents are women. Since women generally began to outlive their male counterparts, it got a little more urgent to plan ahead for long-term care. And while longevity is a beautiful thing, there’s no denying the increased likelihood of health problems that can make taking care of yourself difficult.

Currently, women represent 76 percent of assisted living residents as well as two-thirds of all homecare recipients. This care is rarely affordable. But, giving yourself plenty of time to prepare during pre-retirement years can lead to the discovery of assistance like the Federal Long Term Care Insurance Program (FLTCIP).