#2 Healthcare and Housing Risks—Lack of Caregivers
Sometimes, caregivers and facilities are not available for acute or long-term care, even if you can pay for it. Couples may be unable to live a happy and long life together when one of them actually needs a higher level of care.
For people who have lived a lifetime together, this can result not only in increased costs but also in emotional stress.
Generally, little advice is available from the state or the financial-services industry on planning for long-term care costs. This may be a strategy that could lead consumers to make uninformed and therefore unwanted decisions or to defer them and hope for the best.