AI technology is being used to predict when aging loved ones will need long-term care, addressing the growing need for care planning among older Americans.
Key Points
AI technology predicts unique cost and care trajectory for long-term care
Long-term care costs double every 12 years
Starting the planning process early is advised for better preparedness
Pros
Helps families plan for long-term care needs in advance
Provides personalized cost estimates for long-term care
Assists in closing financial gaps for care
Cons
Privacy and security concerns regarding personal health data
Accuracy of AI predictions dependent on quality of data gathered
Balancing technological predictions with human judgment is crucial