LTC Bullet: WSJ Affirms
Planning for LTC is Critical
Wednesday July 8, 1998
Today's Wall Street Journal (7-8-98) profiles a 38 yr. old gentleman
who is already helping his
parents plan for their long-term care. Although Mr. Brosler's
parents are in their 60's and healthy, he understands that planning
ahead preserves options: "'If you want to care for your family,?
planning ahead for long-term care 'is one of the best things you
can do for them.'"
The article points out that planning for LTC is "especially
critical" now that family caregiving
has become more difficult due to work pressures and the fact that
people are living longer with
chronic conditions. The story tells of one woman whose weight
has "dwindled" to 90 pounds under the stress of caring
for both her husband and mother.
According to the Journal, LTC planning has already increased in
response to healthier aging
and government efforts to promote personal responsibility for
LTC. "Washington has sweetened
long-term care insurance purchases with new tax breaks, while
curbing spending on...Medicare
home-health-care funding and Medicaid.... The changes are raising
awareness of elder care needs."
Source: "Children Make Early Plans To Care For Their Elders,"
Wall Street Journal, July 8, 1998. http://interactive.wsj.com/edition/current/articles/SB899861079494751000.htm