$110,000 a Year for a Nursing Home in SF?

I was reading the San Francisco Chronical this week, while lying in my hospital bed wondering what people do in the hospital (except for being woken up every 2 hours by the staff to make sure you are still alive - if you thought it was a place to get some rest - boy are you wrong). I figured reading my Blackberry didn't feel quite right so I turned to 2 day old newspaper lying around.

A story caught my eye about the high cost of nursing homes in the San Francisco. These days it will cost you $110,000 a year to check into a full service nursing home in the city. That is around $300 a day. WOW! Who has that kind of money lying around?

This is certainly a good reason to start looking at Long-Term Care Insurance.

It is shockingly expensive so prepare yourself. MsMoney.com is focused on Life Planning when it comes to financial success. If you want to live out the remaining of your golden years in style and not put the burden on your family, this might be something for you to start saving up for right now.

If you are the daughter of a mother or father who doesn't think much about their financial future, perhaps this is something you should consider for them. Otherwise, you will be footing the bill if they run out of funds, or like so many women in their 50's and 60's you will staying home doing elder care. Women on average take 11 years out of the workforce to care either for children or aging parents.

This is important for women to consider when planning their lives and their financial futures. To not factor it in is irresponsible and could cause financial problems in the long run.

Too often we go through our lives just expecting things to fall into place ... and then WHAM! someone is on their way to the hospital and they might not come out the same way they went it. That could mean you ... or a loved one. Either way - it is a huge financial burden to pick up if that ailing person needed a lot of medical attention and can't live their lives as they did before.

This might be a good time to start thinking about Insurance in your overall Life Plan.

Stop by the MsMoney.com Insurance Section.