Listen " How To Stay Out Of The Nursing Home And Age Independently"
Episode Synopsis
It’s on so many people’s minds. “How do I stay out of the nursing home when I get older? Next to that – “how do I save my assets that I’ve worked so hard for all my life?”
Well, I think one goes with the other. If you stay out of the nursing home when it comes to your long-term care – you will almost certainly protect your assets. In fact, 90 percent of people over 65 want to remain at home as long as possible.
BUT – It takes planning. Nobody wants to plan for being in a nursing home. Why would they? I think that makes sense and I am 100 percent behind strategies that keep someone at home and out of a nursing home. Like I said that takes some specific planning and some intentional efforts. We are going to talk about some of that in this episode.
First of all, here’s the truth – the forecast is not good. I’ve talked about this before. 4.1 million Americans will turn 65 this year. The numbers of people aging over 65 is growing. In 2020 1 in 6 people in the U.S. was 65 and older. In 2030 all baby boomers will be over age 65 – more people will be over age 65 than any other age group.
People are also living longer. You think this is going to change things? Absolutely……without a doubt. In fact, it’s so significant it is called the Silver Tsunami – like a tidal wave crash clearing everything in its path. This is expected to put unprecedented pressure on our health care system – that’s why I’m 100 percent behind anyone that wants to avoid nursing home care – just need to plan specifically.
The government expects that out-of-pocked health care costs to double to $27 billion by 2030. It’s also supposed to be harder to find space in these facilities.
So in this episode, we’re talking about getting started with a strategy to stay at home and out of a nursing home.
Downloadable resources mentioned in this episode:
Home Safety Checklist
Join the Boomer Time community! Learn more at NancyCogar.com, subscribe to my newsletter and gain helpful resources to help you or your loved one navigate aging with confidence.
Well, I think one goes with the other. If you stay out of the nursing home when it comes to your long-term care – you will almost certainly protect your assets. In fact, 90 percent of people over 65 want to remain at home as long as possible.
BUT – It takes planning. Nobody wants to plan for being in a nursing home. Why would they? I think that makes sense and I am 100 percent behind strategies that keep someone at home and out of a nursing home. Like I said that takes some specific planning and some intentional efforts. We are going to talk about some of that in this episode.
First of all, here’s the truth – the forecast is not good. I’ve talked about this before. 4.1 million Americans will turn 65 this year. The numbers of people aging over 65 is growing. In 2020 1 in 6 people in the U.S. was 65 and older. In 2030 all baby boomers will be over age 65 – more people will be over age 65 than any other age group.
People are also living longer. You think this is going to change things? Absolutely……without a doubt. In fact, it’s so significant it is called the Silver Tsunami – like a tidal wave crash clearing everything in its path. This is expected to put unprecedented pressure on our health care system – that’s why I’m 100 percent behind anyone that wants to avoid nursing home care – just need to plan specifically.
The government expects that out-of-pocked health care costs to double to $27 billion by 2030. It’s also supposed to be harder to find space in these facilities.
So in this episode, we’re talking about getting started with a strategy to stay at home and out of a nursing home.
Downloadable resources mentioned in this episode:
Home Safety Checklist
Join the Boomer Time community! Learn more at NancyCogar.com, subscribe to my newsletter and gain helpful resources to help you or your loved one navigate aging with confidence.
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