With the holiday season approaching, many of us start to think a little more about family. I am very thankful for my family. We are a pretty small group and we don’t always agree or get along that well, but any of us would be anywhere at any time if someone in the family needed it. I know that I have tested that on more than one occasion.
Unfortunately, my family is spread pretty far out. I live in Virginia, my parents live overseas, and my brother lives in Texas. Thankfully, my grandmother still lives in Virginia, even though she’s about a three hour drive away. This year, I’m excited to be hosting her at Christmas. She’s getting up there in age and she doesn’t get along all that well, so it’s nice to get to see here whenever we get the chance.
She has had some health issues over the past few years and it really worries me to know that she doesn’t have a plan in place in case something happens. I’ve talked with her about this in the past, but, let’s be honest, it’s hard to talk with your grandson about that kind of thing.
Long Term Care for Your Family
While it might be pretty tough to talk with her about it, it’s not too hard for me to be thinking about it. Do I want my kids (or grandkids) to have to worry about this kind of thing when I get up in age? I don’t think so. One great option that I’ve found is long term care insurance. Beth actually gets this through her company and I’m sure that many companies offer similar programs. If not, there are a multitude of options out there if you shop around.
Perhaps we need to introduce this idea to our parents here before too long. I know that my parents are resistant to this kind of thing, but I also know that the sooner they start, the lower the premiums will be. With the price of a typical room in a retirement home close to $75,000 per year, it’s not a bad idea to have a little security.
Have you started the conversation about LTC with your parents or grandparents? Have they responded or just ignored you like you are crazy? Have you taken steps to protect your kids in case you need LTC? Leave us a comment and let us know.