Traverse City has made many lists this year, including “Best Place to Retire.” Statistics show that Northern Michigan is one of the fastest-aging areas in the nation. For the first time in our region’s history, there are more people dying than being born. It’s being called a “Silver Tsunami” as more than 10,000 people turn 65 every day until 2030. According to the Henry J. Kaiser Family Foundation, “The 65 and over population will more than double, and the 85 and over population will more than triple by 2050.” In 2015, the median annual cost for nursing facility care was $91,250.
No one likes to talk about long-term care. Most of us are forced into the discussion by way of circumstance. In this episode Dennis Prout and Shea Petaja try to bridge the gap between future possibilities and current options to plan for your care.