7.8 Million professional caregivers needed in next 25 years!

7.8 Million professional caregivers needed in next 25 years!

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC February 5, 2026 Duration: 12:11
Providing care for a very sick, injured or elderly family member is hard! Especially without help. There are currently over 50 million family caregivers sacrificing their time, family, health and future to provide that care. LTC insurance is not designed to replace you; it's there to help you be able to help without hurting yourself or getting overwhelmed from doing it alone. Who is going to pay for those 7.8 million licensed care providers as the Baby Boomer generation reaches 80 this year and continues to age? It's either us, our family, or the government. Part of "us" is LTC insurance - so we won't force our famly members to exhaust themselves. You can view current (2024) and estimate future cost of care where you live here I recommend you use 5% COLA and not the 3% that defaults when you open the page. I said I would add a link to the site that discusses LTC reform and how Medicaid impacts the entire industry, but the link is not active today. I have LTC Bullets emailed to me weekly. Hopefully, it's up and running again soon. The link is here for when it is online again Schedule a meeting with me here

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

Preparing For Tomorrow podcast
Podcast Episodes
It's either your plan or someone else's plan for you [not-audio_url] [/not-audio_url]

Duration: 12:45
We need to decide if we're going to make our own care decisions when we can no longer live alone or independantly. Or are we going to leave those decisions to a governement employee who must follow whatever the current g…
We don't know what it feels like to be old [not-audio_url] [/not-audio_url]

Duration: 12:23
Professionals in geriatrics and gerontology define "elderly" and "advanced age" as 65 and older and those with chronic needs. It's hard to believe I'm almost elderly?!? The fact that there are professional specialties an…
Saving $26,850 in premiums over 5 years?  LTC Specialists matter [not-audio_url] [/not-audio_url]

Duration: 11:49
A client with whom I've maintained a relationship for over a decade was almost talked into buying a new LTC plan earlier this year. I'm glad she called me to ask for help! I researched her risk and offered a very similar…
I should have done this when I first thought of it [not-audio_url] [/not-audio_url]

Duration: 12:46
Don't let your 50 year old kids regret not having planned for future extended care needs when they first thought of it. A first question I ask when meeting with someone is "What made you decide to look into LTC planning…
He fell and he couldn't get up [not-audio_url] [/not-audio_url]

Duration: 13:39
This week, I'm sharing a story of what happened when I was walking my dog on Saturday. This can happen to anyone. We don't have to be old or sick to have an accident. So many people wait to buy LTC insurance because it's…
48% increase in cost of care from 2019-2024 [not-audio_url] [/not-audio_url]

Duration: 12:47
According to an AARP report, the Department of Health and Human Services reported a 48% increase in cost for home care and assisted living from 2019-2024, while median household income for families 65 and older rose only…
Don't let them scam you or your parents [not-audio_url] [/not-audio_url]

Duration: 11:04
This week, I received a very disturbing call, and this was soon after I met a man whose job is to protect people (mostly seniors) from scams. I'm so glad that a woman reached out to me for guidance before spending over h…
We need to plan like the sun will come up tomorrow morning [not-audio_url] [/not-audio_url]

Duration: 4:58
We need to believe that we're going to get through these world events that are being thrown at us every day. We have to believe that we're going to live a long life. When we live a long life, we get old, and when we get…
If I can't get what I want, I don't want anything [not-audio_url] [/not-audio_url]

Duration: 15:56
Just like when we go to an all-you-can-eat buffet, our eyes are bigger than our stomach. With LTC protection, bigger than our budget. We want the best policy that will pay for everything we need for as long as we need ca…
My clients need me 25 years before they think they need me [not-audio_url] [/not-audio_url]

Duration: 15:45
I get so many calls from families trying to find caregiving support answers for their older parent or relative. They've reached a point where they are overwhelmed and need help providing for their loved one. This is not…