Ready or Not, It’s Time to Plan

August 20, 2020

Ready or Not, It’s Time to Plan

“If you don’t have a plan for yourself, you’ll become part of someone else’s.” When you’re making decisions about your future as an older adult, those are words to live by.

Right now, nearly 76 million baby boomers are aging all at the same time – which means that a decade from now, about 20% of America’s population will be over the age of 65. As people live longer with better healthcare, that means more seniors than ever before will be in the market for long-term care. With so much pressure on the system, the cost of care will only go up.

In other words, there’s no better time to prepare for the future on your own terms. By starting now, you can maximize your options, access the lowest cost of care – and secure peace of mind for you and your family.

Here are three strategies for successful planning:

  • Be realistic. The best planners take into account all levels of care – no matter when it’s needed. How will you access the care you’ll need five, ten or fifteen years down the road? Will you be able to afford assisted living, memory support, or skilled nursing? And, critically, what will be the quality of the care you receive?
  • Secure certainty. If COVID-19 has reminded us about anything, it’s that life is unpredictable – and an unforeseen health event can occur at any time. When that happens, the last thing you want to worry about is whether or not you’ll be able to afford it. Securing access to care today can protect you from risk and market fluctuations tomorrow.
  • Do your research. Not all communities offer the same benefits and value, and what you don’t know can make a big difference. Make sure you understand the true costs of care, the critical distinctions between contract options, and what each community can do for you – not only now, but in the future.

Do you know what’s on the horizon for your health? If not, don’t worry – The Mayflower is here to help. Join us for a digital webinar on the future of care on Tuesday, August 25 at 11 a.m.

We’ll dive in-depth into the finances and future of care – including what most people don’t know about long-term care, the hidden problems with aging in place, and a crash course in the different kinds of senior-living communities on the market. For more information, or to RSVP, please call 407.672.1620 or email taylor@themayflower.com.

We look forward to meeting you soon… virtually!