The 4 Steps of Long Term Care Planning NCPC Standard Edition - Return to 4 Steps Book Home Page
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	INTRODUCTION Planning for the Elder Years If we were to ask an older person what his or her most important concerns for aging are, we would probably get a variety of different answers. According to surveys frequently conducted among the elderly, the most likely answers we would receive would include the following three principal concerns or life wishes: 1. Remaining independent in the home without intervention from others 2. Maintaining good health and receiving adequate health care 3. Having enough money for everyday needs and not outliving assets and income To address these concerns or wishes and maintain the quality of life wanted in the elder years, it simply takes a little preplanning. It is human nature not to worry about an event until it happens. We may prepare financially for unexpected financial disasters by covering our homes, automobiles and health with insurance policies. But no other life event can be as devastating to an elderly person’s lifestyle, finances and security as needing long term care. It drastically alters or completely eliminates the three principal lifestyle wishes listed above. It is our experience that the majority of the American public does not plan for this crisis of needing eldercare. The lack of planning also has an adverse effect on the older person's family, with sacrifices made in time, money, and family lifestyles. Because of changing demographics and potential changes in government funding, the current generation needs to plan for long term care before the elder years are upon them.