Long-Term Care Crisis Affects Middle-Class Families

The middle-class families are most affected by long-term care crisis because they are not poor enough to qualify for Medicaid and not wealthy enough to pay for their long term care expenses.  A perfect example of this is the story of Kathy Warren and her step-dad, which was featured in CBS news. She said that the government was not able to provide assistance to step-dad because he is from a middle-class family. 

This story only shows the importance of planning for future expenses like long term care. Experts actually encourage this particularly to those who are not that wealthy but have some assets to protect because of the following reasons:

1. People are living much longer.
2. 70% of people who are 65 and older and 41% of individuals between 18 and 64 are estimated to need long term care.
3. The older population is growing.
4. Long term care cost is skyrocketing.

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