Creating a plan for long-term care can be a bit of a challenge as it is difficult to predict when you will need it. However, the best and most important time to plan for long-term care is long before you need it.
Determining your long-term care insurance need is essential along with knowing whether or not you are financially prepared for this impending expense. The necessity for long-term care is unpredictable and can arise unexpectedly at any time. This often creates a large financial burden and can result in some serious life changing effects if not planned for accordingly. The cost of long-term care can vary depending on criteria such as the care setting, geographic location of the care, the level of care that may be required, and many other factors. For example, retirement communities, nursing homes, and assisted living all come with different amenities and services depending on the needs of the individual.
Long Term Care Cost Calculator
Luckily, you and your family can calculate the cost of long-term care to be better prepared for when you may need it in the future. The calculator assists families in computing their own costs of long-term care. It can measure a broad range of inquiries such as estimating the cost of nursing homes in your geographic location, providing prices for facilities that provide assisted living, and the costs for older adults who prefer to age in the comfort of their own home. We at Harris Capital can not predict the future, but we understand that every individual and family could require caregiving services on a long-term basis in the future. The cost of these long-term care services can jeopardize you lifestyle as well as your family’s lifestyle along with the financial security that you have spent a lifetime planning and working towards. This calculator is intended to help you better understand the costs of of long-term care and be better prepared for when it is needed.