Most people in East Hanover enter their retirement years expecting to finally have time to engage in a favorite hobby, travel the world or spend more time with family. However, age will eventually catch up with everyone, and a person may reach a point in their lives where they are no longer physically or mentally able to take care of their daily needs. When this happens, they may need long-term care. However, many long-term care options are quite costly.
Some people in East Hanover may think it is inevitable that, should they reach an age where they can no longer care for themselves, they will eventually go to a nursing home. However, they may be surprised to hear that most people who reach an age where they can no longer care for themselves remain at home and obtain the care they need through in-home health care. Therefore, it is important to plan financially for the potential need for long-term care.
Having an injury or illness sideline life plans as we age is never an expected or welcome event. This type of situation can completely upend usual living arrangements, suddenly thrusting one into the possibility of having to enter a long-term care facility. Unfortunately, the cost of living in such a facility can be astronomical. This very real sticker shock can send those in such situations into panic as visions of losing their estates run through their heads.