Page 23 - Growing Old Without a Plan for Long Term Care is not for Sissies_Neat

Questions, Questions! 5 these statistics: Of people who reach age 65, 69% will need extended care at some point. Let’s look at some specifcs: Estimated years of LTC needed after age 65 One year or less 17% One to two years 12% Two to fve years 20% More than fve years 20% No long term care 31% Today 5.4 million Americans are living with Alzheimer’s disease. One in eight older Americans has Alzheimer’s disease Where new LTC claims begin: Home Care 49% Assisted Living 24% Nursing Home 27% So, there is actually a pretty high probability that you will need some type of extended care prior to death. For some people that care can be provided at home or in an assisted living facility instead of a nursing home. Note: Although it may seem to be counter-intuitive, a family history of longevity makes it more likely you will need long term care, not less. This is in part due to an increased likelihood of developing Alzheimer’s or dementia as we get older. According