This post was brought to you by Genworth as part of a campaign by the Brandfluential team, however all opinions are my own.
Some conversations are hard to have, but that’s all the more reason not to put them off. I remember when my grandparents were first moved from their home to an assisted living center. They needed more care than they could be given at home but the price tag that came with that move was enormous.
Fortunately, they were prepared for the future. They’d made the hard choices and decided what they wanted done before it came to that point.
I’m still in denial that I’m an adult (I mean, seriously, when did that happen), and, as comes with the territory, my own parents are getting older. While they still have plenty of independent years left, the conversation of what they want to have happen as they age is one that needs to occur early on and whether or not they have long-term care insurance needs to be one of the first questions you ask.
Genworth has some great tips about how to discus the issue of long term care with your parents and many are tips that hadn’t even occurred to me. One of the ways they brought up that you could initiate the conversation was by discussing someone else’s situation. That way the conversation is a lot less threatening and you can have an honest discussion about what your parents would prefer when they reach the point of needing long-term care.
Putting things down in writing is another way you can initiate an open conversation with your parents. Writing a letter isn’t nearly as intimidating as having some of the harder conversations in person and it also allows you to have a written record of what your parents want as you get to that point.
It’s always best to educate yourself before making any decisions. This article from Yahoo Finance breaks down the things you need to know about long-term care insurance.
If you are overwhelmed, just remember, that the conversation can happen gradually over time. Small amounts of progress are better than ignoring the issue.
Have you talked to your parents about long-term care?