Everyone should plan for long-term care as we enter a new year. Many people focus on improving finances, health and well-being but one powerful New Year’s resolution often overlooked is planning for long-term care. Most Americans turning 65 will need some level of help with daily activities such as bathing, dressing or eating which may arise suddenly due to illness or injury or develop slowly over time.
Age, chronic conditions, and living alone all increase the likelihood of requiring long-term care, and women—who tend to live longer—face an even higher risk. Making long-term care planning part of your New Year’s goals can protect your independence, reduce stress for your family, and safeguard your finances.
These three steps can help you get started:
Know what to expect
Many people prepare for retirement, but few consider the potential cost of long-term care. While much care is provided by family or friends, many older adults eventually rely on paid services, such as home health agencies or community aging programs. Long-term care insurance may help offset these expenses.
Key facts:
• Most people prefer to receive care at home; home modifications can support that goal and reduce fall risks.
• Individuals living alone are more likely to require paid long-term care.
• Long-term care can be expensive and may pose a risk to retirement savings.
• Medicare, employer health plans, and Medigap generally do not cover long-term care.
• Lack of planning often leads to relying on children for care, even when does not reflect the individual’s wish.
Make your preferences known
Most long-term care is provided by family members who often experience significant stress. Use the momentum of the new year to communicate your wishes—where you want to receive care and what kind of help you value most. Your loved ones will feel more prepared and supported when your preferences are clear.
Get a plan in place
A proactive plan promotes independence and safety. Think about how you can remain in your home longer, including accessibility improvements and staying active in your community. Taking steps now ensures you’re prepared for the future and helps make your New Year’s resolution meaningful and achievable.
For more information contact your local ombudsmen at Eastern Oklahoma Development District (EODD) Area Agency on Aging by calling 918-6827891. Serving Adair, Cherokee, McIntosh, Muskogee, Okmulgee, Sequoyah and Wagoner counties.
