What Do Single Women Need to Know About Long-Term Care Planning?

2 answers | Last updated: Sep 14, 2017
A fellow caregiver asked...

What do single women need to know about long-term care planning?

Expert Answers

Allen Hamm has been assisting families for more than 22 years in their planning for long-term care. He specializes in this area because he has personally experienced the need to find and pay for good-quality long-term care for members of his own family, including his father, who had Parkinson's disease. An electronic copy of his book, How to Plan for Long-Term Care, is available free of charge to the caring.com audience. It can be obtained at http://superiorltcmsp.com/ltcbasics.html.

Long-term care is essentially a "women's issue". Women almost always take ultimate responsibility for the day-to-day care of a parent or other family member in need of care. This is particularly true for single women, who sometimes feel guilty if they don't step in and provide the bulk of the care required by a parent or a sibling.

It's also vital for single women to learn about their options and plan for long- term care because providing care can sometimes affect her health, causing her to personally need care. Women are not only the major providers of care but are also the major recipients of care. Most of these recipients are single.

In earlier years single women had limited choices. But today, they have access to resources to help them actively participate in planning for long-term care for themselves and their families. An added benefit to planning ahead is that it can reduce or sometimes even eliminate their need to provide hands-on care, freeing them to provide the emotional support they're so naturally good at providing. Even though they'll always be "caretakers", a single woman's role today can also include advanced planning so that the comfortable and healthy retirement they're planning for themselves can be realized.

Community Answers

Karen lorenzo answered...

Long term care insurance will soon be gender based, since women tend to live longer than men.In addition, there is less illnesses and disabilities with female senior citizens due to the fact that men are more involved in alcoholism and smoking which makes them prone to diseases. Moreover, there is an increasing number of women who are either widowed or separated with no spouse or family members who will care for them. So it is important to plan earlier and purchase long term care (LTC) insurance to avoid future increase in long term care rates especially now that Genworth is taking an initiative to sell higher LTC to women compared to men.