When I was in middle school I volunteered at a nursing home during the summer with my sister and a family friend. It sounded like something interesting to do with my time and almost felt like a real job which I always craved. We spent time visiting with residents and helping them with activities, including field trips.
The nursing home was well run from what I could see and the residents which still had their mental capabilities seemed to enjoy themselves. I always wondered if that is where I would end up towards the end of my life. Would my parents?
It certainly didn’t fit my perfect image of enjoying retirement with my spouse. Going on vacations and enjoy our time together, free from work and other responsibilities. Unfortunately reality isn’t always so kind.
Taking care of family members long term with special needs can be hard on any family. When my grandma began losing her ability to take care of herself, my single uncle stepped in and lived with her since my grandpa had already passed several years prior. I was always thankful that it worked out to help him out with a place to live and gave her someone to watch over her. But as her health deteriorated after a few years, so did the care that my uncle could provide. He wasn’t a professional and she required round the clock care for her own safety as she lost her memory and her ability to fully function. It was hard and very stressful, especially since my grandma had very little money.
Eventually she did end up in a facility for a short time before she passed. While some family members felt this was wrong, it had gotten to the point where she needed professionals to take care of her.
It didn’t mean she wasn’t loved. In fact, it was the opposite.
What is Long-Term Care Insurance?
Having these experiences certainly opens my eyes to the benefits of long term care insurance. I didn’t even know this existed until recently but have since learned that as a woman, it is an especially important to consider. I’ve learned that Most New Long-Term Care Claims Are Filed by Women. Since women tend to live longer than men, “Nearly two-thirds of new claims under long-term care policies in 2011 were made by women, according to the latest data from an industry group.”
This article titled, Long-Term Care is a Woman’s Issue has some great info, including a quick list of questions that will help determine if long-term care insurance a good option for your situation.
To learn more about long-term care, Genworth Financial has prepared this source, including how to find how much it costs where you live.
Being well-informed and prepared for whatever the future brings is a great way to give us all peace of mind.