Infographic Guide to Senior Care Planning
The need for long-term care is more common than most people think, with statistics showing 70 percent of people will require such care at some point in their life. As with the need for long-term care, the costs are also underestimated, which can catch people off guard. There are several types of such care, which range in costs from $20,000 to upwards of $89,000 a year. Adult daycare is the least intensive and cheapest option, which offers basic services, such as meal preparation, housekeeping and assistance with activities of daily living, including bathing and using the bathroom. On the other hand, a nursing home is the most expensive option and offers the widest array of services, including 24-hour emergency care.
Regardless of whether you need such care right now for yourself or a loved one, having an understanding of these care options will help you determine which to choose if the need arises. You'll want to choose a level of care that provides all the services you or a loved one will require, but doesn't cause you to spend more than you need to for non-essential services. To help you learn about the different types of care, check out this infographic from Harbor Life Settlements, which describes each, including services, costs and payment options.
You can view and download the infographic here.