This post was brought to you by J Women’s Network and Genworth. All opinions are my own.
If you are in your 20′s or 30′s, you may not feel the need to discuss long term care for yourself, your spouse, or your parents right now. However, this is actually the perfect time to be conversing about the decisions. It is likely that your parents will need some kind of assistance as they age, and you will be the next generation in line behind them.
Two years before my grandmother passed, she moved into a nursing home. Though she secretly enjoyed herself there, according to the nurses and other staff, she had days were she swore she despised living there.
I think she really did like being around other people and getting the assistance she wasn’t getting when living at home, but I do wish we hadn’t waited until she was 82 for her to make the decision to move there.
Seeing her bad days made me think about the importance of having things planned out. It doesn’t have to be set in stone, of course, but just opening the lines of communication will be helpful for your family to respect your wishes on your care when you are older. Plus, finding out now what your parents want will make it easier on you and your siblings when the need for long term care arises. Since getting old is becoming more costly, being prepared is a great way to ease the financial burden for you, your children, and your grandchildren.
Tips for Making Plans Now for Long Term Care
- Start discussing this with your parents. Their decisions are probably the most important ones at the moment. Introduce the idea slowly, as some people don’t like to think about aging or needing to receive help from others.
- Don’t wait to speak with your partner. While you are nudging the issue with your parents, it’s also a great time for you and your spouse to be deciding what you two want for your futures.
- Get things in writing. This will make sure all wishes are fulfilled as well as they can be. Revisit these papers often to stay informed of your and your parents’ desires…and to make any necessary changes.
- Consider Long Term Care insurance plans. This can really help reduce the money your younger relatives will have to shell out when it comes to your choices of in-home care or a nursing home.
If you are still not sure how to breach the subject, Genworth Financial has some great advice on talking with your family about long term care. I feel more comfortable bringing this subject up with my mom as well as my husband. Click below to read more on how you can best handle this delicate topic.