“Plan ahead to protect your family and your fortune from this retirement risk,” by Darla Mercado, CNBC “Not everyone will wind up needing care in an assisted-living facility in old age, but everybody should plan for it, just in case. … Cheng suggested using these three questions as guidelines in drafting your long-term care plan. Where do you want to receive care? … Who’s in charge of your medical decisions? … Who should make financial decisions for you?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Pretty superficial advice, but at least from a major financial
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“A Late-Life Surprise: Taking Care Of Frail, Aging Parents,” by Judith Graham, Kaiser Health News “‘When we think of an adult child caring for a parent, what comes to mind is a woman in her late 40s or early 50s,’ said Lynn Friss Feinberg, senior strategic policy adviser for AARP’s Public Policy Institute. ‘But it’s now common for people 20 years older than that to be caring for a parent in their 90s or older.’ A new analysis from the Center for Retirement Research at Boston College is the first to document how often this happens. It found that 10
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“75 Must-Know Statistics About Long-Term Care: 2018 Edition,” by Christine Benz, Morningstar  “If there’s a single unsolved problem in the retirement plans for many middle- and upper-middle-income adults, it’s what to do about long-term care costs later in life. … If you’re among the people who are still on the fence about what to do, the best way to make smart decisions is to go into the process armed with the facts. How likely are you to need long-term care and for how long? What does long-term care cost, and what does it cost to insure against it? In the
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“China Beckons to US Skilled Nursing, Long-Term Care Operators,” by Alex Spanko, Skilled Nursing News “Amid difficult trends at home, a handful of U.S. long-term care operators have looked to Asia as their next potential frontier – and while their strategies differ, they all believe in the region’s potential.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Will China allow a private market in long-term care services and financing to thrive or stifle it as the U.S. did by allowing consumers to ignore LTC risk and later access publicly financed care while preserving most wealth? China
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“42% of older adults have a disability: CDC,” by Lois A. Bowers, McKnight’s Senior Living “Approximately 42% (41.7%) of noninstitutionalized U.S. adults aged 65 or more years have a disability, according to newly released data from the Centers for Disease Control and Prevention. … Mobility issues, defined as serious difficulty walking or climbing stairs, by far were the most prevalent disability, affecting 26.9% of the 162,724 older adults covered by the data. The next most prevalent disability was serious difficulty hearing, affecting 14.9% of those 65 or older. Other disabilities studied were related to independent living — difficulty doing errands
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