Prepare now for possible long-term care costs

October 4, 2014 4:57 AM

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Prepare now for possible long-term care costs

Many of us hold on to an idyllic vision of our golden years, imagining we’ll be in good health and living self-sufficiently in our own homes.

But that scenario is likely to get dashed. On average, nearly 70 percent of 65-year-olds will eventually need some form of long-term care, according to the U.S. Department of Health and Human Services. And HHS estimates that 20 percent will need it for more than five years.

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