A recent news story about University of Tennessee Head Basketball Coach Pat Summitt reminds us how quickly things can change. As you may have heard, the well-known coach has been one of the most successful woman’s basketball coaches in our nation’s history. She has won the most games of any college coach, man or woman, including eight NCAA championships. She became the first person to both play on and later coach medal-winning U.S. teams at the Olympic Games. She has been named to two Basketball Halls of Fame, has two basketball courts and two streets named after her.
Sadly, at age 59 she has been diagnosed with early onset Alzheimer’s Disease. Despite all her achievements, this will become a major concern for her and her family. We hear stories like this all the time, accidents, health events and aging cause the need for care at one’s home or a facility like assisted living, memory care or a nursing home. Health insurance and Medicare do not pay for the most common extended care, custodial care. This means this high cost is placed on you and me and our families.
The federal government tells us that 70% of all Americans over age 65 will require some Long Term Care in their lifetime. But this is not just an issue for older people, 42% of all those who require Long Term Care today in the US are under the age of 65! This is why a plan is so important to address this issue which impacts our families emotionally, physically and financially.
Many of us think it won’t happen to us. However, medical science continues to advance … he survive health events and accidents. We live longer. More and more of us will need help with our activities of daily living … or will need supervision due to memory issues.
This is why the 3in4 Need More campaign is so important. It brings this issue to the American people and provides education about the need for Long Term Care planning. Check out these links. I was a guest with Dr. Marion Somers on Omaha TV:
Watch me here talk about the campaign:
You can find out more by going to www.3in4needmore.com. To learn more about Long Term Care insurance, go to www.completelongtermcare.com. To discover how to become a Long Term Care Specialist as a career you can go to www.LTCopportunity.com.