Create a care plan for older parents (or yourself)

At some point, most older people will need help getting through the day. Someone turning 65 today has a 70% chance of eventually requiring assistance with basic living activities, such as bathing, dressing and using the toilet, according to the U.S. Department of Health and Human Services.

That’s the grim reality. Even grimmer is that Medicare typically doesn’t pay for such help. Plus, families often don’t try to figure out how to provide this care until there is a health crisis, which can lead to unnecessary stress, conflicts and escalating costs, says certified financial planner and physician Carolyn McClanahan of Life Planning Partners in Jacksonville, Florida.

Making a care plan well in advance allows families to get organized, locate appropriate resources and figure out ways to pay for care before a crisis hits. In my latest for ABC News, learn how to create a care plan for older parents or yourself.