Preparing for the (Un)Expected: Thinking about our Future Makes Sense
Call me a planner, some might even say I’m an "over-planner." But here's the thing: thinking about the various possibilities of a situation and even worst-case scenarios, brings me peace of mind. It's not about dwelling on negatives, but rather anticipating potential challenges and devising solutions before I need them or before I’m confronted with a crisis.
We all like to think we're invincible. But the truth is, unexpected events - like illness or accidents, or expected events like age-related challenges - will impact even the healthiest among us.
Why is planning important? Because foresight empowers us. By anticipating potential hurdles, we can develop solutions and navigate them with greater ease. This applies especially to long-term care, a topic often overlooked.
Recently, I've encountered people, both professionally and personally, who seem to believe aging is statistically improbable for them. They seem to view aging as a distant, unlikely prospect. They haven't considered the possibility of needing long-term care, perhaps assuming a sudden, tragic event will take their life. But statistics tell a different story.
While heart attacks and strokes can be fatal, survival rates are improving. The real challenge might be the aftermath - the rehabilitation, the ongoing care, and the financial burden.
If you had an unforeseen health event, do you have a plan? Do you have a plan for aging in place? Do you have children or siblings who will be able to help? Do you have savings or insurance earmarked for such needs? Is your home accessible if you develop mobility issues? What about unforeseen circumstances like caring for a spouse? Are you a primary caregiver for someone?
This begs the question: what's your plan?
Not planning is a plan, albeit a risky one. Not being prepared, not having thought about your future and not sharing your wishes with your family is not a thoughtful approach. It puts stress on your family, drains finances, and potentially leads to subpar care situations. Think about it: wouldn't you rather age on your own terms, with dignity and the right support system in place?
Here's the good news: proactive measures can make a world of difference. Lifestyle changes like healthy eating, exercise, and stress management are excellent first steps to being as healthy as you can. But don't stop there. Think about your potential care options for various possible scenarios, discuss your wishes with loved ones, and consider your financial solutions. Information and preparation are your greatest allies.
Statistically speaking: 1 in 9 people over 65 have Alzheimer's. 22% of older adults have cognitive impairment. Average life expectancy after Alzheimer’s diagnosis is 3-11 years. Some people live for over 20 years with dementia.1 in 20 adults over 20 years old have coronary artery disease. Post-heart attack survival rates are 90-97%. Only 12% of heart attacks are fatal.
Start with lifestyle changes: Exercise, healthy diet, and stress reduction lay a strong foundation. Lifestyle changes can not only lower risk of disease but also help you deal with illness or injury.
Embrace proactive planning: Contemplate potential scenarios and discuss them openly with your loved ones or friends.
Share: Talk about your wishes and desires for how you want to live at the end of your life. Share what matters to you.
Prepare financially: Explore options like savings, long-term care insurance, and veteran's benefits (if applicable). Medicare alone will not be enough and is not meant to pay for your long term care needs. Maybe you need to think about a part time job for extra income. There are options but most require planning ahead.
I'm not claiming to have all the answers. But I firmly believe in the power of planning. I urge you to start a conversation with your family or friends about aging and your long-term care. It’s the best way to ensure that our loved ones, as well as us, are prepared for whatever life throws our way.