Grow old along with me

The best is yet to be, unless you live in West Virginia, New Jersey, New York, Kentucky and Indiana. I had the opportunity to grow old in one of the top five and passed on it. Haven't looked back. From CBS MoneyWatch.

The 5 best and worst states to grow old in
Everyone ages, but how a person copes with the health challenges that come with old age can depend on many factors, including where they live. 
It turns out that some states offer better options for elder care than others, after calculating the costs of in-home care, assisted living centers or nursing homes, as well as quality of care, according to a new study from Caring.com. While warm states such as Florida and Arizona exert strong pulls on retirees, the best states to grow old in tend to be colder ones, the research found. 
While the study provides insights into the cost and quality of elder care across the U.S., it's meant to spark a discussion among families rather than suggest that retirees head for the top-ranked states or move out of the lowest-ranked ones, said Dayna Steele, Caring.com's Chief Caring Expert and the author of "Surviving Alzheimer's with Friends, Facebook and a Really Big Glass of Wine." Many Americans are under the misapprehension that assisted living costs are covered by health insurance or Medicare, and aren't adequately planning for elder-care expenses that can be startlingly large, she noted. 
"So many people think that if you need to go into assisted living that it will be covered, but unless you have long-term care insurance, it's not covered," Steele said. "This will be the next financial disaster in the country as the Baby Boomers age into elder care. We're going to see families just devastated by this. You have to take care of them, you have to work, so what will you do with mom and dad if you don't have long-term care insurance or $5,000 to $6,000 a month to spend."

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