When Should You Start Planning for Long Term Care?
Trever Dahms • 29 July 2026
The Question I Wish More People Asked Earlier
Most people don't think about long term care planning until they're already in the middle of a crisis, whether that's a parent's diagnosis or their own health scare. By that point, some of the best options are already off the table. So when should you actually start thinking about this?
Signs It's Time to Start Planning
• You're in your mid 50s to mid 60s and still in good health
• There's a family history of dementia, Alzheimer's, or conditions that often require extended care
• You've watched a parent or loved one go through the long term care system and want to avoid the same situation for your own family
• You want to protect assets you've worked hard to build, rather than spending them down on custodial care
• You're already thinking about retirement income and want long term care factored into that plan
Why Waiting Costs You Options
Long Term Care Insurance is underwritten based on health. The younger and healthier you are when you apply, the more likely you are to qualify, and the lower your premiums will typically be. Wait until after a diagnosis or a major health event, and you may not qualify for traditional LTC coverage at all.
This is one of those areas where being proactive isn't just about saving money. It's about making sure you actually have options when the time comes, instead of being limited to whatever Medicaid allows after you've spent down your assets.
It Doesn't Have to Be Complicated
Planning for long term care doesn't mean overhauling your whole financial picture overnight. It usually starts with a conversation about your health, your family history, and what you want care to look like if you ever need it.
If you're in your 50s or 60s and haven't looked into this yet, now is a good time to start, while you still have the most options available. Let's talk through what a plan could look like for you.
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