Subjects to Cover

Long term care topics to cover and questions to ask

Where should you start? Having a conversation about long term care planning can be overwhelming.  With so much to cover it can be easier to retreat instead of moving forward with the discussion.  Below are some topics to cover and questions to ask to help you take that first step.

  1. Lifestyle - What does daily life currently look like? What expectations do you or your loved ones have for the future?  Have you identified situations that you do not want to happen.
  2. Legal - Do you or your loved ones have a will, a durable power of attorney, a living will and a power of attorney for health care? Be sure these documents are up-to-date and reflect your current wishes.  Also be aware of where they are kept.
  3. Finances - How are bills currently getting paid? Is there discretionary income that can be redirected if necessary? What other income sources are available?
  4. Medical care - Is family health history available? Who is the primary doctor coordinating care? Is proper permission granted to the appropriate people allowing the release of medical information?
  5. Care options - Where would you like to receive care?  At home, in a facility?  Who would provide care?  How are you planning on paying for care?     
  6. Cost of long term care - Are you aware of the cost of long term care in your area?  The national median annual cost for home care is over $45,000 and over $91,000 for a private room in a nursing home.1 These increasing costs can impact your retirement savings if not planned for in advance.

1Genworth 2015 Cost of Care Survey, April 2015, home care cost based on Home Health Aide.

128313LO2 05/26/15


2015 Cost of Care

Take the
guesswork out
of long term care