When it comes to long term care, there are so many things to consider and just the thought of putting a plan in place is enough to send most people running for the hills. It's an uncomfortable topic that forces us to face our approach to the later years of life and the decisions that come with it. Will I age in place or plan to utilize assisted living? What if I'm unexpectedly incapacitated and need more care than can be provided at home? Who will care for me? And how do I pay for the kind of care I would want and need? In 2019, the National daily average cost of nursing home care was $245 a day that's close to $90,000 annualized. So to say that long term care planning is Important is an understatement. In this episode we give you a good base knowledge and get you on the path to understanding Long Term Care Planning.

• What is Long Term Care
• What is Long Term Care Planning
• How does Life Care Management fit in (see episode 8 for more about Life Care Management)
• Ways to pay for long term care 
• When should one begin planning
• Why is long term care planning important/What happens if I don’t have a plan

Links & resources

• About Jason Penrod
• Family Elder Law
• National Academy of Elder Law Attorneys
• Life Care Planning Law Firms Association
• Alzheimer's Association

• Elder Law Explained: Estate Planning
• Elder Law Explained: Guardianship
• Caring for Caregivers - The COVID Shift - Alzheimer's Association Resources

If you found value in today’s conversation, I’d really appreciate it if you would click Subscribe now and share the sage aging podcast with a friend. If you have topic ideas you’d like to share, we’d love to hear from you. Drop us a line at [email protected]