In 2009, fewer adults bought longterm care insurance than at any other point when the data started being tracked in 1988. The New York Times reports that this means very few people are fully prepared for the costs of their retirement and may want to consider asking themselves a few questions about their future.
First, older boomers or seniors should think about their Medicare coverage and the other medical costs they may face in their later years. The news source cites one survey that found that 37 percent of seniors think that Medicare will cover all of their health expenses.
However, at-home care may not be covered under certain circumstances, which could make independent living much more difficult.
Some older adults may think that they will never require extended care, but another survey found that 45 percent of those who do have longterm care insurance make a claim for it at some point in their lives. This indicates that many seniors could benefit from the service.
Those who may not be able to afford this kind of insurance or wish to supplement it in order to age at home may also want to invest in a senior alert system. This device can immediately send a medical alert to caretakers or doctors in the case of an emergency.