WOW..if there is an actual answer to this, and all "elderly" were willing this site might just be able to shut down. (kidding) This is a decision that an "elderly" person has to make BEFORE they are "elderly". I made the decision when I was "younger" (but I guess that could read "old" but not "elderly") that I did not want family to go through what I was going through caring for my Husband. I purchased LTC insurance. I think other than my house that is the most expensive purchase I have ever made. I have also saved so that I can be more comfortable. If when I die there is anything left to pass on to grand kids great but I am not going to deny myself in order to leave something. So the best way to help an "elderly" person plan have them start when they are YOUNG. I can bet there are younger adults and grandchildren that are caregivers that are now planning ahead with more thought to their retirement years.
If you are talking to the "elderly" this is already too late in the game. People need to think about this in their 50's at the very latest. This is the chronic problem with trying to get people to think about this topic. Denial, lack of knowledge and understanding, procrastination, fear, privacy and the onset of cognitive and memory impairment that screws up their ability to use logic and reason.
People have no idea what a poop-show their care can become, and they certainly have no idea of the cost of NH care (or even in-home care). Most financially responsible people naively believe they've saved up "enough" money but the cost of care combined with how much longer we're living quickly clears out their entire savings in short order.
Most people have a romanticized notion about "aging in place" which is often a nightmare for their adult children and mostly a delusion since those elders are not living "independently" in their homes, they are highly dependent on others orbiting around them to prop up the illusion that they are still functioning independently.
I’d be interested in some more information about question, for several reasons.
What group are you referring to as “the elderly”?
Of that group, what do you think “the elderly” should do to “make the future life plan of nursing home”?
What are you including in your question as “nursing home”? Are you thinking skilled nursing? Memory care? Assisted Living? Independent Living?
Are you including in “the elderly” those people who are able to participate in choice making? Willing to choose residential care/life? Refuse to choose residential care/life? NEED, but REFUSE residential care?
I’m elderly, chronic illness, active, until Covid VERY active, and I’ve made CRYSTAL CLEAR to my LOs that SHOULD the need arise, I EXPECT to be placed in the level of residential care as deemed at the time APPROPRIATE for my level of functioning, irrespective of my potential protests.
So if it happens that you have a specific question about MY “elderly….nursing home….” planning, would you be good enough to ask it, please?
This is a decision that an "elderly" person has to make BEFORE they are "elderly".
I made the decision when I was "younger" (but I guess that could read "old" but not "elderly") that I did not want family to go through what I was going through caring for my Husband. I purchased LTC insurance. I think other than my house that is the most expensive purchase I have ever made.
I have also saved so that I can be more comfortable. If when I die there is anything left to pass on to grand kids great but I am not going to deny myself in order to leave something.
So the best way to help an "elderly" person plan have them start when they are YOUNG.
I can bet there are younger adults and grandchildren that are caregivers that are now planning ahead with more thought to their retirement years.
People have no idea what a poop-show their care can become, and they certainly have no idea of the cost of NH care (or even in-home care). Most financially responsible people naively believe they've saved up "enough" money but the cost of care combined with how much longer we're living quickly clears out their entire savings in short order.
Most people have a romanticized notion about "aging in place" which is often a nightmare for their adult children and mostly a delusion since those elders are not living "independently" in their homes, they are highly dependent on others orbiting around them to prop up the illusion that they are still functioning independently.
What group are you referring to as “the elderly”?
Of that group, what do you think “the elderly” should do to “make the future life plan of nursing home”?
What are you including in your question as “nursing home”? Are you thinking skilled nursing? Memory care? Assisted Living? Independent Living?
Are you including in “the elderly” those people who are able to participate in choice making? Willing to choose residential care/life? Refuse to choose residential care/life? NEED, but REFUSE residential care?
I’m elderly, chronic illness, active, until Covid VERY active, and I’ve made CRYSTAL CLEAR to my LOs that SHOULD the need arise, I EXPECT to be placed in the level of residential care as deemed at the time APPROPRIATE for my level of functioning, irrespective of my potential protests.
So if it happens that you have a specific question about MY “elderly….nursing home….” planning, would you be good enough to ask it, please?