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Taking Care of Your Parents and In-Laws

by Nicole on March 1, 2013

Has your family talked about long term care insurance yet? It’s a tough subject but one you’ll want to have with your parents and in-laws as well as your spouse!

In our family, our parents have very different ideas about long term care.  My parents have long term care insurance and have had it for many years.  My father’s mother ended up in a nursing home and my parents have expressed a desire to be able to remain at home and hopefully will be able to do so with their long term care insurance.  My mother’s parents never needed any long term care and both died otherwise very healthy, just of older age.

Jamie’s parents on the other hand do not have long term care insurance.  His father’s parents have lived with my in laws for over 20 years (his grandfather died a few years ago and so now just Grandma lives there).  In his family, the tradition seems to be for the parents to go and live with their children when they need assistance.  This doesn’t seem to be something my in laws talk a lot about it but I wonder if they will be coming to live with us or with my brother in law and sister in law.  Since I’m newly married I will leave that discussion to my husband to have with them but as they enter their mid 60’s it’s a conversation we should have soon.

I found some great information on long term care insurance on the Genworth Financial website.  I didn’t know there were so many great options as far as planning for you (or your parents’) long term care.  It’s hard to think about getting old and the future but the reality is that, as I read in this New York Times article, most long term care claims are being filed by women.  I think this is because women are natural caregivers and most often this kind of thing falls on them.  Also women have a longer average life span than men and with most claims being filed for people over 80 it makes sense that most would be women.  This is definitely something for us women to think about!

Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.  All opinions are my own.

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{ 1 comment… read it below or add one }

1 Sue Hull March 2, 2013 at 9:03 pm

I’ve thought about it but I can’t afford and neither can my mom. I’m sure when my mom is older my sisters will help her.She won’t go into a home unless she has medical problems. She’s 68 and still drives and gets around fine. She is slower these days but then again so am I. Lol! This is something that everybody should have. Thank you for having an important post for this.

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