“Seventeen percent of 65-year-olds will need no long-term care. Almost one-quarter will develop severe needs, requiring many hours of help for more than three years.”

“Most older people will fall between those poles, with 22 percent having only minimal needs. The largest group, 38 percent, can expect moderate needs — like support while they recover from a heart attack, after which they can again function independently.”

Tallying the Cost of Growing Older

 By Paula Span, writing for The New York Times

“married people are less likely to need extensive care than those who are single.”

Time to start planning for potential cost but not necessarily with long term care insurance. Check out other related items in this blog.

Source: Financial Planning for Women