70% of people aged 65 and over will need long term care and 40% of people aged 18-64 will require some form of extended care services, according to the US Department of Health and Human Services. Based on these high numbers, planning is critically important. If you plan for your long term care needs, you will not have to rely on loved ones for care, you will have choices about the care you receive and the care settings. Most people prefer to receive care in their homes. Proper planning will ensure you have the financial means to pay for your long term care needs.