We are LTC self insured. My DM used less than 6 months of her LTC insurance. The family paid many years into it. In-laws, parents and grandparents never used LTC insurance and did not need to. According to Firecalc, our spending maximum covers decent long term care facilities, yet we can’t help but explore many different scenarios of situations we could face. Or maybe we could both get hit by a bus. If our assets continue to grow as they’ve been for the last 10 years (7.2% per year) we should be ok.
There are many threads about CCRC and costs in different states. I’m asking for experience or forward thinking advice about years beyond healthy living. Are family members involved or would you rely on outside facilities or helpers? We are pretty healthy now. To what extent would you call for help taking care of yourself on a daily basis? Our discussion ranged from paying close, trusted family members to check in on us or one of us. I’d prefer to stay in our home and family live in the same community we live.
We focus our entire lives looking forward to E-R, enjoying life, traveling, free from hovering bosses and customers. We’ve not spent much time thinking about the need for help. I guess we’re focused on being self reliant. My thoughts are $75K/per year per person. That’s only if it gets so serious we are completely unable to live on our own. If it gets to the point of a 24/7 nursing care situation, I’m offing myself.
There are many threads about CCRC and costs in different states. I’m asking for experience or forward thinking advice about years beyond healthy living. Are family members involved or would you rely on outside facilities or helpers? We are pretty healthy now. To what extent would you call for help taking care of yourself on a daily basis? Our discussion ranged from paying close, trusted family members to check in on us or one of us. I’d prefer to stay in our home and family live in the same community we live.
We focus our entire lives looking forward to E-R, enjoying life, traveling, free from hovering bosses and customers. We’ve not spent much time thinking about the need for help. I guess we’re focused on being self reliant. My thoughts are $75K/per year per person. That’s only if it gets so serious we are completely unable to live on our own. If it gets to the point of a 24/7 nursing care situation, I’m offing myself.