External Resources for the Aging

The costs for elder care are increasing as the number of aging adults requiring in-home care continues to rise. Many times, it is a family member who winds up providing in-home care; and, in some cases, this task is thrust upon the individual after an elderly parent or relative has an accident. An elder parent may fall and break a hip, which requires hospitalization and extended care. Other times, warning signs of the necessity for impending care occur gradually with the elderly person forgetting names or getting lost in familiar areas. The family may determine that it is no longer safe for the elderly relative to live without proper supervision and care. Therefore, the family may decide to shoulder the burden of providing in-home care. Whatever the situation or circumstance, elder care affects millions of Americans each year, and that number is predicted to steadily rise in the coming years.

Long term care insurance helps protect your retirement assets and savings in a time of crisis. Learn 9 more reasons it may make sense for you and your future needs.