How Not To Tear Your Family Apart

Dealing with Increasing Care Costs

Creating a financially stable plan for extended or long-term care needs means understanding the associated costs for care. Everyone, especially after what we all saw during the COVID pandemic, decidedly would prefer to age at home. According to industry information available at www.McKnights.com, increases in salaries from the executive level to all other levels of the workforce are on the rise. Most providers are willing to pay significantly higher salaries than just a year ago. That’s good news. We trust these employees with the well-being of our loved ones and, traditionally, they have not been rightfully compensated. On the other hand, that translates into an increase in the cost of care and likely continued increases for some time to come. This requires a review for those who have a plan. It becomes a real issue for those without a plan. This informative is instructional but also sobering. All of us need an extended or long-term care financially stable plan.