Heads Up, Ladies! Why Women Bear Far Greater Risks and Costs of Long Term Care..

Today’s Facts:

1. Women Face Over a 60% Greater Chance of Entering a Nursing Home than Men.
2. In 7 of 10 Instances in America, Women are the Care Providers in Unpaid Long Term Care Situations.

A recent nationwide study indicates that long term care impacts women more profoundly than men, both as care providers and recipients.

The new study, called “The Impact of Long Term Care on Women - An Analysis
of Women as Care Providers and Care Recipients”, found that women were 60 percent
more likely than men to enter a nursing home at some point in their lives.

“It’s remarkable that women are so unaware of these risks,” said Clay Cotton of www.prepsmart,com, “They should flat-out demand long term care insurance as the very bedrock of any and all [tag]financial planning[tag],” added Cotton, who himself receives 24/7 care for his own, advanced [tag]multiple sclerosis.[tag]

The study also shows that women may likely experience large [tag]financial[tag] sacrifices in
their roles as America’s predominant unpaid care providers. Many women must give up their jobs, enduring retirement fund cuts, in order to be full time caregivers. This new gender-specific long term care research was presented to the Congressional Women’s Caucus in a Capitol Hill briefing.

National polling data compiled by Public Opinion Strategies showed that 67 percent of adult American women respondents have provided long term care to someone in need. But still, all-too-few of America’s women are financially prepared to face this risk themselves.

“With the first wave of America’s 77 million baby boomers turning 60 this year, it becomes even more critical for both men and women alike to seriously evaluate the lifestyles they would like to maintain as we live well into our 80’s, 90’s and beyond,” says Cotton, “Long term care planning is a family issue. Preparedness includes planning for the care that loved ones may need. As this new research indicates, women especially need to evaluate and address what has been revealed to be a gender-specific, disproportionate share of the long term care challenges that come with today’s greater longevity.”

KeyPoints of this new study of the impact of long term care on women include:

* Estimates suggest there are around 23 million unpaid care providers in
the U.S.A., and seven in ten are women.

* Nearly one in five unpaid caregivers (19 percent) in America provide
“constant care” of at least 40 hours of care per week. Of those who
provided constant care, 80 percent are women.

* Women 65 years or older today have a 44 percent chance of entering a
nursing home at some point in their lives compared to 27 percent of men.

With facts like these in front of them, America’s women now know what is most important for their collective future. “And the very best way for you to begin planning is to request a rate quote comparison right away from on the online Buyer’s Advocate website,” urges Cotton.

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