Plan Now

• Look into what the cost would be if you ever needed nursing home or assisted living care.
• Talk with your spouse, adult children, friends, and siblings about whether they would want to or be able to care for you if you became ill or disabled for a long period on time. Tell them how you feel about relying on them for help.
• Consider alternative living options available to you:

• Moving in with family.
• Moving into an assisted living center, retirement community, or continuing care community.
• Living in an easier-to-care-for apartment or home.
• Modifying your existing home to make it easier to get around and to care for.

• Visit with a financial planner, insurance agent, attorney or other financial advisor about how you would pay for long-term care.
• Think about how much your current income and assets you could afford to set aside to pay for long-term care expenses if you needed them.
• Review in detail you current health care insurance to understand whether it would pay for your care if you happened to need nursing home services.
• Set aside funds to pay for long-term care if you needed it and do so in a way that you won't use these funds for anything else until certain you won't need long-term care. This might include a medical IRA, long-term care annuity, purchasing long-term care insurance, reverse annuity mortgage, etc.
• Discuss with your doctor whether you might be at risk for needing long-term care someday based on your medical and family history, lifestyle, etc.
• Read a guide about planning for long-term care or buying long-term care insurance. ORDER A FREE PLANNING GUIDE NOW!