When considering long term care needs in the future it is all too easy to assume the look of long term care tomorrow will be much as it is today. Here is an interesting interview that suggests the industry is in for radical changes as boomers age.

http://www.pbs.org/thoushalthonor/eden/index.html

Here is my favorite quote from the interview that captures its essence.

“…when the baby boomers were kids there were three flavors of ice cream, and that was it. And when they got done with ice cream, there’s a thousand flavors of ice cream. Well, right now there’s just a few flavors of long-term care for the elderly. When they get done, there will be a thousand flavors.”

While the interview does not give specifics on what those thousands of flavors will be, it does mean that when evaluating LTC insurance policies, pay special attention to how flexible the policies are to accommodate the new care paradigms that might develop.