Long-term care is a collection of services that helps individuals meet their health and personal care needs. While this type of care often includes nursing homes, it may also involve in-home care or other health-related services.

Unfortunately, there are many misconceptions about long-term care planning. A common one, that planning is something that should only concern senior citizens, is patently false. Here are three additional myths about long-term care planning you should also not believe.

1. You have plenty of time

With family, work and other obligations, you may have precious little time to think about the future. An unexpected injury or sudden illness may make long-term care necessary earlier than you think, though. Put simply, it is never too early to start the planning process.

2. You will never need long-term care

Even if you have had good health throughout your life, you may eventually need long-term care. In fact, according to the U.S. Department of Health and Human Services, about 70% of older Americans will spend at least one night in the nursing home during their lifetimes. Furthermore, 20% are likely to require more than five years of long-term care.

3. You have enough protection

If you have health insurance, you may think it offers you enough protection to get you through the final stages of your life. That probably is not the case, however. Conventional health insurance typically does not cover non-medical costs, such as bathing or food preparation.

Your health insurance also likely does not pay for home modifications, such as ramps or grab bars. Consequently, if you are only relying on your existing health plan, you just simply not have enough protection to give you peace of mind about your future health care options.