(StatePoint) Americans are living longer than ever before, and with continually rising health care costs, the need for a long-term care solution becomes more of a âwhenâ than an âifâ situation, according to financial experts, who warn that Americans are largely waiting too long to plan and prepare.
âMany people wait until theyâre in their 50s or 60s before beginning long-term care planning, but with costs rising, itâs important to start planning when youâre younger and healthy,â says Heather Deichler, senior vice president, MoneyGuard product management, Lincoln Financial.
To get prepped, consider these tips from Lincoln Financial: