Baby Boomers Overlooked True Cost of Long-Term Care

Planning for long term care is anticipating and preparing for your future care needs. More than half of people aging 65 and older will require long term care. Meanwhile, those who are younger are not impervious to this need. In fact 40% of those aging 18-64 have a possibility of needing care even if they are not yet in their elder years. Planning is essential but before you get started, you must first have the answer to the question, “What is long term care?”

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Long term care pertains to the services that a person needs in order to retain the quality of his daily living. A huge part of long term care deals with providing assistance in basic tasks such as bathing, eating or getting dressed. These are referred to as Activities of Daily Living. Long term care mostly deals with the custodial needs of a person.

Determining the Best Elder Care Services for Baby Boomers

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Health Concerns of Baby Boomers: A Burden Imposed by Aging

Health is always a serious matter and we humans try our best to prolong life itself. Years of study and research has successfully prevented many diseases from taking lives but there are still chronic ailments that we do not have a cure for. Most of these causes can be prevented by having long term care.

Many of these illness are related to aging but the incident of dying can still be prevented. Some incidences of death are caused by unsupervised activities. Some of these deaths could have been prevented by having someone watch over them and monitor their actions. There are several causes and Deanne Goodman discussed the top 10 health concerns for baby boomers. 

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Useful Tips on Long Term Care for Baby Boomers

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Long term care allows senior citizens to maintain good health and manage their daily life as they stay at home or in facilities. Although it is better to apply for long term care insurance at age 40, many Americans choose to enroll when they are over 60. Long term care for baby boomers is essential for their well-being and even financial stability.  

Bringing the Holiday Cheers to Baby Boomers

As you look around, whether in malls, park, schools or even just in the neighborhood, you will feel and smell that holidays are just around the corner. While a lot of seniors and baby boomers feel alone in retirement communities and other long-term care facilities, it's time to brighten their smile and make them feel the holiday cheer.

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Is Long-Term Care Insurance A Good Investment for Baby Boomers?

A lot of experts suggest acquiring a long-term care insurance policy especially for baby boomers who are already nearing their retirement. More and more people are shying away from this product because the rates have ultimately increased and therefore you will come to a realization and ask yourself "Is ltci a good investment?"

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Why Boomers are Changing Retirement

Everyday, thousands of baby boomers turns 65 or even older, and since these boomers are predicted to live longer than their parents, they are expected to redefine or reinvent retirement. Unlike their previous generations, boomers are more active and plan to work longer, however, baby boomers are not good savers like their parents, most of them fail to saved adequately for retirement. And while they have a large percentage in the population, study shows that many baby boomers are likely to live alone during their old age.

These issues are some of the focus of their retirement and things that affects why boomers are changing retirement. Although they are worried if they have enough money that will allow them to live comfortably and independently, a lot of them are also struggling to help out with family finances, either for their parents or their children. Boomercafe have shared their views on how baby boomers are redefining retirement in one of their blogs.

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