Today's seniors enjoy a life expectancy longer than any generation in history. An American who turned 65 in 1998 could expect to live nearly another 18 years beyond their 65th birthday. And while additional years are generally considered an blessing, it is also true that the older one grows, the more likely they will need health care services. Today's seniors, who often consider themselves among the best informed, would do well to learn about three crucial areas that pertain to their future health care needs: the potential that they may need long term care, the cost of long term care and the limited federal and state aid available.

My parents have great insurance that will cover the cost of an assisted living…not always.  We speak with many baby boomers whose parents have tried home care or an independent living and now need an assisted living community that offers more care or socialization.  They are under the false pretenses that Medicare or their supplemental insurance will cover the cost.