Consider your future health care needs.
Your need for healthcare and personal care as you age. Whether it is minor health issues, an unexpected health event or accident, or chronic health problems, it is a fact that as Canadians, we are living longer than ever before.
As you build your retirement income plan, it is important to consider both lifestyle and life stage choices.
|Stage 1||Independence||You are self-sufficient|
There is no immediate impact on your family
|Stage 2||Interdependence||Some health issues interfere with daily living|
Family members begin to help out more
|Stage 3||Supportive Living||Starting to become more dependent on others|
Both family support and some formal care are in place
The funding is all on you
|Stage 4||Crisis Management||You are dependent on others for most of your care due to multiple health and personal care needs|
Formal home care may be insufficient or too expensive
|Stage 5||Dependence||Admittance to a long-term care facility is required|
Safety is an issue without 24 hour care
The 5 stages of care were developed by Dr. Mark Frankel.