August 2017: Your retirement plans should include funding future health care needs. The majority of retired Canadians did not stop working on the date they planned, many citing personal health as the primary reason for retiring earlier. The probability of a 65 year old requiring long term care is 50% for a man and 63% for a woman. For a couple, the probability that one will need long term care is 82%. The Canadian Life and Health Insurance Association (CLHIA) estimates that it will cost almost $1.2 trillion to provide long-term care to baby boomers as they pass through old age. Current levels of funding from government for programs will only cover about half of this. Have you considered Long Term Care insurance as part of your retirement plan?