Marlene S. Stum, Ph.D. Family Social Science

Decisions about financing long term care are often complex and difficult. Many people feel overwhelmed and do not know how to get started talking, planning, and taking action. While there are no "magic" or "right" answers, there are some key conversations to have with family members and professionals. Remember, making these decisions is a complex process and critical conversations will take time.

Conversations about financing long term care should include:

• Recognizing the risks,
• Understanding the costs,
• Sorting out your goals and expectations, and
• Understanding financing alternatives and consequences.

Recognizing the Risks

• What is long term care?
• What factors influence who is most at risk of needing long term care?
• What risk factors do you face?
• What is your current and future (expected) health status? If you currently have a disease or condition affecting your health, how predictable is its progression?
• What is your family health history? What types of care have others in your family required?