Long-Term Care Awareness Month is all about planning ahead, having a strategy, and alleviating some of the burden placed on family members. Long-term care is a family affair, as the majority of caregivers are family members. Providing long-term care services for a loved one is expensive, stressful, and emotional.
As we approach the beginning of the holiday season, families will be gathering and sitting around tables, reminiscing and discussing future plans. While not everyone will need LTC insurance, we know everyone needs a plan.
Some facts and figures:
- 70% of men and women over the age of 65 will need some kind of long-term care services.
- 14 million Americans currently require LTC support services.
- 27 million Americans will require these same support services by 2050.
The goal of the ALTCP is to raise awareness to help Americans realize the importance of planning for long term care early since it is common to lack a sense of urgency in planning for their future care needs. ALTCP also wishes to instill the necessity of preparing for long-term care considering that it is very costly. This is the best time of year to reach out to your loved ones who may be putting off long term care planning and, in the process, placing their savings and families at risk.
Use #LongTermCareAwarenessMonth to post on social media to raise awareness about long-term care and acknowledge anyone you know that is or has been a caregiver. The more we understand the emotional, physical, and economic toll that long-term care can take on loved ones, the more we can prepare for our own futures, so we don’t become a burden to the people we love the most.
For further reading: November is Long Term Care Awareness Month: 50 Long Term Care Statistics Everyone Should Know (2018) | ALTCP.org
If you would like more information about this topic, please call the office at (540) 962-6181 to schedule an appointment with Jeanne Hepler. Ms. Hepler is a member of the National Academy of Elder Law Attorneys, the Virginia Academy of Elder Law Attorneys, and has been named one of Virginia's "Go To" Lawyers for Elder Law by the Virginia Lawyers Weekly, 2021.