Long-Term Care, Steep Costs Even When It's 'Free'
Whether clients
choose unpaid care or rely on it out of necessity, it's important to understand
the hefty costs of such care.
RELYING ON FAMILY
The
AARP report on valuing informal care found that around 73% of adults aged 40 to
65 expect their families to provide LTC when required. This is almost seven
times more than those who expect to use a home health agency, nursing home or
assisted living facility.
"Most
people don't think of long-term care," says Susan Reinhard, senior vice
president and director of the AARP Public Policy Institute, and lead author of
the "Valuing the Invaluable" report. "We all think that we will
live and be very healthy; the wife knows that she is going to take care of her
husband. It's not something they plan on."
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