Category Archives: Finances

Lighten Up Mondays

Very little humor can be found in the world of finance – except, perhaps, for these anecdotes:

ATM at the secretary of state in Portage, MI

(Photo credit: Wikipedia)

A bank in New York City is now making it possible to buy and sell stock using their ATM machines.  This is great – it gives muggers a chance to diversify their portfolios.

A woman visited the bank to close her account because she was convinced the institution was going under.

Asked by a startled manager why she thought so, she produced one of her checks, endorsed by the bank, “Insufficient Funds.”

An accountant answered an advertisement for a top job with a large firm.  At the end of the interview, the chairman said, “One last question – what is three times seven?”

The accountant thought for a moment and replied, “Twenty-two.”  Outside he checked himself on his calculator and concluded he had lost the job.  But two weeks later he was offered the post.

He asked the chairman why he had been appointed when he had given the wrong answer.

“You were the closest,” the chairman replied.

Death by Intensive Care

Geriatrician, Dennis McCullough wrote an excellent book titled:

My Mother, Your Mother: Embracing Slow Medicine

Keep in mind that although he writes about our elderly parents (those over age eighty), the principles he puts forward apply equally to a spouse or partner, sibling, or good friend.  If you are invested in a loved one’s well-being, please consider reading this book.  Bear with me as I provide a lengthy quote that characterizes this physician’s concerns:

Families must come to appreciate that “medicalized” care is very different in nature and cost from the personal health support and hands-on caring so essential for your parent.  In reality, our American medical system is best at managing acute crises and supplying excellent specialized elective procedures – joint replacements, organ transplants, eye improvements, cosmetic changes – all modern technological wonders.

As for the more ordinary and common management and support of elders and families dealing with chronic problems of aging and slow-moving diseases, our medical care system has not done so well.  Some elderly patients are fruitlessly subjected to what some critics now call “death by intensive care  …  “

Now let’s put ourselves into the shoes of a vulnerable adult sitting in an examination room waiting for the almighty doctor to walk through the door.  Answer this question for me: When was the last time you personally felt rushed during a doctor’s visit for yourself?  (Mine occurred last week – but I digress.)  Many of us think faster than the vulnerable adult, are able to keep track of what the doctor is saying, and have sufficient cognitive awareness to discern the doctor’s recommendations or treatment options.  Dr. McCullough wonders how an elderly person could possibly be treated effectively during a fifteen-minute office appointment by a doctor who peers into a computer screen, barely acknowledging the presence of the patient.  How can that physician possibly treat the complexities of an elder’s needs if he/she is not fully engaged in examining the patient?  Most often, the elder patient will not volunteer information that is not in direct response to a doctor’s insightful inquiries.  They are of a generation that does not question a medical professional – “after all, they have the medical degree, not me.”  The elderly patient may exit the exam room having not even discussed his or her medical concerns – simply because the doctor didn’t give her an opportunity to do so.

Dr. McCullough emphasizes how important it is that each vulnerable patient have a “Circle of Concern” – a group of people that provides steady support and insight into the patient’s needs.  That group may consist of immediate family members, friends, neighbors – anyone dedicated to providing an “active, extended advocacy partnership” that will not only attend to the patient’s technical needs, but also the emotional and human needs that are perhaps in need of greater attention.

My article, Caregiving: The Ultimate Team Sport, promotes a similar type of caring, using the analogy of a team’s various members, and their collective roles on the team.  Each person has a skill that supports the other team members’ skills.  The Circle of Concern serves this same purpose.

Perhaps we should all consider how we would like to be treated by others if/when we become dependent upon their contributions to our quality of life.  Dr. McCullough offers this snippet of Tibetan wisdom:  Make haste slowly.

Not all decisions are emergent ones.  Isn’t a person’s quality of life worth stepping back so that appropriate, “guided” decisions can be made?  Rushed judgment should not take the place of carefully considered care.  As Dr. McCullough states, “Time to begin to ask for more time.  Short of a crisis, don’t be rushed.”

Lighten Up Mondays

Seal of the United States Internal Revenue Ser...

(Photo credit: Wikipedia)

In the United States we are fast-approaching the income tax filing deadline of April 15th.  Here are a few jokes to get us through it – perhaps with a chuckle.

Somehow the IRS auditor knew it was my first audit.  “How could you tell?” I asked.

“For this kind of examination, you don’t have to undress,” she explained.

You know what they’re doing with our taxes?  They’re spending your money – hundreds of billions of dollars on defense.  To defend us from the Russians, the North Koreans, the Libyans, the Iranians.  When was the last time someone from any of those groups broke into your car?  I’m not worried about Russians, I’m worried about Americans!  You’re going to defend me, defend me from Americans!  Get my butt back from Burger King alive!

What gets me is the estimated tax return.  You have to guess how much money you’re going to make.  You have to fill it out, sign it, send it in.  I sent mine in last week.  I didn’t sign it.  If I have to guess how much money I’m gonna make, let them guess who sent it.

The income tax system has made more liars out of the American people than golf has.

You’ve got to admire the IRS.  Any organization that makes that much money without advertising deserves respect.

I wouldn’t mind paying taxes if I knew they were going to a friendly country.

Entering the arena of vulnerability.

It’s not the critic who counts; it’s not the man who points out how the strong man stumbles; or where the doer of deeds could have done them better.

re-enactment of a gladiator fight in the arena...

(Photo credit: Wikipedia)

The credit goes to the man who is actually in the arena, whose face is marred with dust and sweat and blood, who strives valiantly and who errs and fails, and is sometimes victorious.  But when he fails, at least he does so daring greatly.

The above is an abbreviated quote from Theodore Roosevelt’s speech, Citizenship in a Republic a/k/a The Man in the Arena, delivered at the Sorbonne in Paris, France, on April 23, 1910.

Brené Brown, PhD, paraphrased the above when appearing on Oprah Winfrey’s show, Super Soul Sunday.  I admit – I’m addicted to the types of shows that challenge the way I think, and/or that validate the way I think.  This particular show that aired on OWN March 17, 2013, floored me.  I needed it because I’m in the arena right now while in the midst of writing my first novel.

  • What if I don’t get representation by an agent?
  • What if I secure an agent, but the agency can’t sell it to a publisher?
  • What if my novel gets published, but it gets panned by book critics everywhere?

I guess if that happens I will need to be glad that I had the confidence to try; to dare to think that I could get published in the very competitive world of writing.  The following is what Brené Brown said to herself – and perhaps to others – after she was severely criticized after delivering a speech at a conference a few years ago:

If you’re not in the arena getting your butt kicked, I’m not interested in your feedback.

I like her spunk because with that statement she’s basically telling her critics to suck it if they don’t care for her work – because at least she put herself out there; she showed up; she tried.  Ms. Brown says that there is no innovation and creativity without failure.  We all must take the risk to fail when we’re doing something that we know without a shadow of a doubt we were meant to be doing.

How ridiculous of me to be so concerned about what might happen, when I’ve yet to even finish my manuscript.  I believe in what I’m doing.  I’m proud of my motivation/mission statement for writing my book.  Oh my God  – I’m writing a book!  I don’t know if it will get published but that’s a concern for which I don’t have time right now.  I am only half way through writing the manuscript so I guess I’ll just have to keep showing up at my computer and get the darn thing done!

What about you?  What brings you to the arena in which you are now standing?  Or what prevents you from entering the arena?  In the very same second that you decide to enter the arena, it’s okay to be both brave and scared.

Maybe your arena is changing your career path; or getting into – or out of – a relationship.  Perhaps your arena is standing up for what you believe in and daring to express those beliefs.

You can’t get to courage without walking through vulnerability.  Don’t wallow in regrets – walk into the arena without fearing failure or success.

President Obama Says the “A” Word: Alzheimer’s

President Obama Says the “A” Word: Alzheimer’s.

Lest you think that Alzheimer’s has nothing to do with you, look at the following statistics provided by the Alzheimer’s Association:

  • By the year 2050, nearly one million new cases will be diagnosed each year – that’s one American developing Alzheimer’s every 33 seconds.  Taken further, that most likely equates to nearly one and a half million new family caregivers each year – considering that at least one family member will be involved in managing a loved one’s care;
  • Ten million Baby Boomers will get Alzheimer’s;
  • On average, 40% of a person’s years with Alzheimer’s are spent in the most severe stage of the disease;
  • The number of Americans that die each year from Alzheimer’s disease has risen 66% since the year 2000;
  • Alzheimer’s is the sixth-leading cause of death in the United States;
  • Today, there are no Alzheimer’s survivors – none.

Please take time to read the article I’ve attached above and consider the following: We are going to pay for Alzheimer’s one way or the other – now, or later.

This is a disease that will affect you, your children, your grandchildren, great-grandchildren, and beyond.  Burying our heads in the sand won’t solve anything.  Please consider donating to the Alzheimer’s Association as well as contacting your state’s congressional leaders asking for greater federal funding for Alzheimer’s research.  Why?  Because of this staggering statistic:

According to the National Institute of Health, the federal government currently spends much less money on Alzheimer’s research, prevention, and cure than on other conditions such as cancer, heart disease, and HIV.

  • $6 billion for cancer;
  • $4 billion for heart disease;
  • $3 billion for HIV/AIDS; but just
  • $480 million for Alzheimer’s disease.

I’m not comfortable with those numbers – are you?

The world as we know it – the good, the bad, the ugly.

In a recent NY Times post, Catherine Rampell writes about how the economy is affecting Baby Boomers; more specifically that it’s not just a matter of postponing retirement, it’s the need to hold down more than one job to meet the daily – and future – essentials of their lives.  Ms. Rampell is quick to point out, however, “(I)n the current listless economy, every generation has a claim to have been most injured.”  Certainly that seems to be the case as I have heard that Generation X and the Millennials have complained that Baby Boomers are to blame for the state of the economy – present and future.

English: Crowd gathering on Wall Street after ...

Crowd gathering on Wall Street after the stock market crash of October 1929. (Photo credit: Wikipedia)

Of this I am certain – each generation before us, and every generation after us, will contribute positively and negatively to the world as we know it.  I have to believe that every generation has pointed their fingers at generations other than theirs, and talked about the good, the bad, and the ugly that permeates their times.  Let’s look at those generations as posted on CNN, American Generations Through the Years: (figures and personalities provided by the Pew Research Center and CNN)

G.I./Greatest Generation: Pre-1928; Kate Hepburn and George H. W. Bush

Silent Generation: 1925 – 1945; Martin Luther King, Jr. and Tina Turner

Baby Boomers: 1946 – 1964; Oprah Winfrey and Michael Jordan

Generation X: 1965-1980; Jay-Z and Tiger Woods

Millennials: Post 1980; Christina Aguilera and Mark Zuckerberg

We’re all struggling in some way, and we’ll continue to struggle as we mimic the overall consensus felt through all generations.  There are carefree times, and then there are all the rest of our days, and we get through them, because we must.  We’re better for it, but it doesn’t feel like that while we’re going through it.  I have to look to Brendan Marrocco, a twenty-six year old Iraq war veteran who lost all his limbs because of a roadside bomb in 2009.  In an Associated Press story, in the Seattle Times, Brendan said he could get by without his legs, but he didn’t like living without arms.  “Not having arms takes so much away from you.  Even your personality  …  You talk with your hands.  You do everything with your hands, and when you don’t have that, you’re kind of lost for a while.”

The end of January 2013, six weeks after getting a double arm transplant, Brendan said the following at a coming-out press conference about how he’s made it thus far:

Just not to give up hope.  You know, life always gets better, and you’re still alive.  And be stubborn.  There’s a lot of people who will say you can’t do something.  Just be stubborn and do it anyway.

Sobering words, and ones that force us to reassess our current situations.  I’m not trying to minimize what you might be going through, nor of what’s going on in my life.  It’s just that I personally can’t help but focus on Brendan’s plight and then consciously turn my eyes away from my me-ness, and towards other-people-ness.  Is Brendan worse off as a Millennial who lost so much but gained a huge dose of intestinal fortitude, defined as strength of character; perseverance?  If it were me, I would be wallowing in a very deep pit of self-pity.  That doesn’t seem to be Brendan’s current location.

The Gift that Keeps on Giving – until it’s no longer needed.

Rev. Dale Susan Edmonds answers your questions about caregiving.

The above link, from a December 2012 NBC News report, addresses the conversations that many of us – well, many of you anyway – still need to have with your parents.  (My mother died in 1994, my father in 2007 – those conversations have long since taken place.)  In many respects, my brother and sister and I were fortunate because in our family, the topic of sickness and death seemed no different from discussing that night’s dinner menu – perhaps even easier.  That’s just how it was in our household growing up.  But I’m aware that universally, that is not the case.

In my article Cost of Dying: planning for a good death, from advance directive to talking with your family, I’ve attached an exceptional article about a few people’s experiences discussing how their loved ones want to die.  By now I may have lost some of you, but bear with me.  There’s a reason why I’ve chosen to address this topic.

presenting

(Photo credit: only alice)

GIFTS.  Who doesn’t like receiving gifts?  Most of us get a kick out of being handed a package with a fully wrapped surprise within and told to “open it!”  “What, for me?”  Yes – for you.  Perhaps the gift is something we didn’t expect, or we’ve sufficiently hinted our exact wishes and finally someone gifted us with that long sought after item.  Fun, isn’t it?  Someone cared enough to gift you with something you’ve always wanted or you receive something that you didn’t know you wanted, but it turns out, you do!!!

THE GIFT THAT KEEPS ON GIVING.  A few years ago, I succeeded in convincing my wonderful hubby that we needed to put together our “last wishes” which of course includes a Will, but more importantly, an Advanced Health Care Directive.  My husband is one of those who isn’t exactly comfortable sitting around the dinner table – or any table for that matter – talking about death.  I get that – I really do.  So I couched this discussion by talking about what a gift my parents, and his parents, gave their families by specifically outlining what to do when it came time to do something.

When your loved one is heading towards the great beyond, it’s comforting to already have his or her wishes on paper and ready to execute – no pun intended.  I’ll use my father as an example.  My father died at the age of 89 on October 13, 2007.  Official cause of death was prostate cancer but advanced Alzheimer’s was a huge factor in his death.  There is no way my father would have a) survived cancer surgery; and b) even wanted cancer surgery at that stage of his dying.  His Advanced Health Care Directive very clearly stated his wishes and us three siblings had copies of that document and respectfully went along with his wishes.  Dad saved us the stress of making an extremely difficult guesstimate of what he would have wanted in the midst of that situation.  His dying was already an emotional experience so I can’t imagine having some sort of discussion about when to stop treating his illnesses.

The legal document, drafted years earlier, was drafted for this specific time.  Even if dad had been conscious – and he was not – his dementia would have prevented him from making a well-informed decision.  If ever there was a time when dad’s gift was ready to be presented – this was it.  That gift allowed us to spend our last hours with him simply loving him; singing to him; and telling him how grateful we were to have him as our dad.  Beautiful.

You don’t have to wait until you are 50 years or older to put your wishes in print.  Old people aren’t the only ones dying who require some sort of affirmative decision-making.  Someone in their thirties could be in a horrific vehicle accident and end up lingering on the precipice of death.  A forty-year old person could have a stroke and be on that same precipice.  It’s never too early to do something about your exit from this world as we know it.  You can always change your mind later – you decide that you do, or do not, want hydration, so you revise the document.  That’s the beauty of word processing – it’s changeable, and once you get that revised version documented by witnesses, you’re good to go!  Literally.

If you choose to use an attorney, you can go through the local Bar Association for referrals or you can attempt the same outcome by doing it yourself.  Many office supply stores have boiler plate legal documents you can readily purchase – but be certain to purchase the forms that contain the required legal verbiage for your state or territory.  Additionally, organizations such as Compassion and Choices provides forms that you can download from their website, even a form that has a Dementia Provision.  Who woulda thunk?  Not me.

The Holidays may be over, but the season of gift-giving is not.  Won’t you consider giving your loved ones one more gift this year?

Health Care Reform and Medicare Myths vs. Facts – AARP

Health Care Reform and Medicare Myths vs. Facts – AARP.

During this highly contentious and rude political season, it’s really difficult to discern fact from fiction.  Oftentimes we get caught up in the rhetoric spoken by Talking Heads and dismiss what we’re hearing based on which Talking Head is doing the talking.

For the most part, I’ve trusted what the AARP has put out regarding issues and candidates over the years so I felt fairly confident in posting this article.

If you want clarification about the following myths, please take the time to read the above link.

Myth 1: The new law cuts Medicare drastically, so I won’t be able to get quality health care;

Myth 2: I’ve heard that Medicare Advantage plans will be cut or taken away;

Myth 3: I’ll have to wait longer to see my doctor – or I won’t be able to see my doctor at all;

Myth 4: If I have Medicare, I will need to get more or different insurance;

Myth 5: The new law “raids Medicare of $716 billion”;

Myth 6: The law is going to bankrupt America;

Myth 7: The new law will drive up premiums astronomically;

Myth 8: If I can’t afford to buy health insurance, I’ll be taxed – or worse;

Myth 9: I’m a small-business owner and I’ll pay big fines if I don’t provide health insurance to my employees;

Myth 10: The Affordable Care Act (ACA) basically turns our health care system into universal health care.  So now some government bureaucrat will decide how and when I get treated;

Myth 11: If my state doesn’t set up an insurance exchange, I can’t get health coverage.

Op-ed: Who are Seattle’s 47 percent? | Opinion | The Seattle Times

Op-ed: Who are Seattle’s 47 percent? | Opinion | The Seattle Times.

In my opinion, the article linked above paints a clear picture of what the 47 percent might encompass.  As with any situation for which we have little understanding or exposure, it’s healthy to see what the flesh and blood of the situation equates to – put a face on it.

Making a generalization that those who don’t pay federal taxes are taking unfair advantage of government handouts seems so inaccurate – I guess that’s what generalizations are: inaccurate attempts (oversimplifications) to state something about which we have no understanding.   Just about everyone with whom I associate has gone through difficult times – financial and otherwise – at some time in their lives.  Not everyone stays hungry and without the means to get by – as if they would choose to remain that way year after year after year.

The above article introduces us to

  • a 76-year old woman who works but is not able to pay her electricity bill;
  • a well-dressed man with a Master’s degree in engineering who needs help with his rent who was very embarrassed to ask for help; and
  • a woman battling cancer and diabetes at risk of losing a leg.

These individuals are not second-class citizens just because they’re going through a rough patch in life.  I don’t consider myself a bad person because in the mid-1980′s I was laid off from my job as a program director at a cable TV company and had to collect unemployment insurance while looking for  a replacement job.  That time was temporary – as many trying times in life are.

Does this mean that everyone in need of a handout represents the “better angels of our culture?”  No, there will always be those who try to bilk the system – heck, the big bankers and financiers did that very recently – and arguably, still are -  and they certainly weren’t dining at the downtown food kitchen or struggling to pay their utility bills.  We might categorize them as second-class citizens because of their greediness, but I dare say they look vastly different from those portrayed so cavalierly in the political arena during this current election season.

Lighten up Mondays.

A businessman was dining at a fancy restaurant and – so the story goes – met Lee Iacocca (extremely successful President & CEO of the Chrysler Corporation from 1978 to 1992 and considered the 18th-greatest American CEO of all time.)

“Mr. Iacocca,” he gushed, “the American business hero!  I’ve studied your career, and any success I’ve had comes from emulating you.  Would you do me a favor?  I’m with some colleagues.  Please come by my table, say ‘Hello, Harry,’ and let me introduce you.  It would mean so much to me.”

Iacocca agreed.  He waited for the man to sit down and then walked towards his table.

“Holy smoke!” cried one of Harry’s friends.  “It’s Lee Iacocca, and he’s heading this way!”

“Hello Harry!” Iacocca said.  “Introduce me to your friends.”

Harry looked at him blankly, “Come back later, Lee,” he said.  “Can’t you see we’re trying to have some lunch!”

Baby Boomer gray divorce – I’m just not gonna take it anymore!

Kind of like the movie “Network” in the iconic scene where the actor Peter Finch, as Howard Beale, says, “I’m as mad as hell and I’m not gonna take this any more!”

Gavel (PSF)

(Photo credit: Wikipedia)

What is often left out from that quote is the statement made just prior, “I’m a human being.  My life has value.”  I think some spouses in their 50′s through their 80′s decide that after decades of a somewhat dissatisfying, or perhaps an abusive, marriage they realize that they have a whole lifetime ahead of them and decide that they deserve better.  In an article from the AARP June 2012 Bulletin, one of the reasons for a late-in-life divorce centers around the fact that longer lives mean more years with an incompatible spouse.   And even though the overall divorce rate in the United States has decreased since 1990, it has doubled for those over age 50.

Jay Lebow, a psychologist at the Family Institute at Northwestern University says, “If late-life divorce were a disease, it would be an epidemic.”

Wow!!!!  I had no idea! I’m fortunate in that my second marriage at the age of 47 is still one in which I am very happy now twelve years later.   There are those, however, with whom I am acquainted who stick to the dictum of “in sickness and in health, until death do us part” even through an abusive relationship (verbal, physical or otherwise)  and, because they’ve been in it for the long haul, e.g., 30 plus years, they feel that they have no choice but to stay.

Why do those with abusive spouses – both male and female – cling to their marriage?

As I mentioned above – one reason is certainly the commitment to vows that were made at the height of a romantic relationship.  And there are other reasons.  An excellent therapist with whom I am acquainted who leads support groups for the abused told me that over the years, as abuse has prevailed in the household, the one being abused adjusts to each added level or intensity of abuse and becomes acclimated to each added degree.  Added to this unwarranted commitment to their abusive spouse, they fear the unknown, even though it may bring about an abuse-free life.   And without the help of good friends and powerful resources, a spouse in an abusive relationship may not have the tools that will give them sufficient confidence to make a decision that will benefit them the remainder of their life.

Divorcing later in life can often result in less time to recover financially, recoup losses, retire debt, and ride the ups and downs of the economy.

Some Baby Boomers out there have relished the security that their spouse or significant other has provided them in the form of financial stability.  They’re thinking that perhaps it’s worth putting up with this person with whom I am incompatible to guarantee a comfortable enough life until one of us dies.  Well – certainly that is a factor – but I personally believe that an individual’s life contains far more value than any bank account can provide.  If someone is feeling devalued in their relationship, they have short-changed the remainder of their life.  And if someone truly craves, absolutely longs for greater self-worth, nothing will stop them from satisfying that need.  I guess you have to look at the options and determine if you’re willing to go with it:

living in a mortgage-free home without financial concerns with someone who tears you down, or renting a one-bedroom apartment with thrift store furnishings, that frees you from a relationship that has prevented you from being your true, and valued self.

But who will take care of me in my old age?

A 2009 National Alliance for Caregiving/AARP survey found that 66% of caregivers were female, with women providing on average 22 hours per week vs. 17 hours for males.  In a divorce situation, “older men may make out better financially than women, but they don’t fare so well at finding someone to take care of them when they’re older.  They often don’t have alternative care networks the way women do,” says Andrew Cherlin, a sociologist at Johns Hopkins University.  When asked who they will turn to when they’re older, single men often cite paid help – a pricey and somewhat difficult option to find.  Some older divorced people have children or other family members who can assume the caregiving role, but not everyone does.

Gray divorce is occurring and there are certainly many factors to consider.  I guess I’m of the belief that a bad marriage is not better than living alone.  Whether you’re a Baby Boomer – or of any other generational group – only you can decide what you’re willing to sacrifice in order to obtain your sense of personal value.  As far as I know, we’ve only been given this one life. This is not a dress rehearsal and there are no do-overs. 

Your thoughts?

But how am I supposed to do THAT?

But how am I supposed to do THAT?.

What a terrific article provided in the above link from the “Taking Care of Mom and Dad” blog site.  The information provided in this article is valuable, and as Kelli mentioned on her blog, it’s not just specific to the state in which it originated, Oklahoma.  The information provided is applicable everywhere because let’s face it – every caregiver pretty much needs the same questions answered and this site has many one-size-fits all solutions for all caregivers who are grasping to stay afloat on their caregiving journey.

This same website can also direct you to your own state’s valuable resources by clicking on the applicable section on the Homepage.  It’s as easy as that!  And don’t we all need something to be easy every once and awhile?

ABSOLUTELY!!!!!

Long-term care (LTC) insurance policies: Rejection hurts.

An insurance agent from a large, widely-known insurance company recently told me that 50% of all applicants for long-term care (LTC) insurance are rejected.  Boy, with those statistics, it’s hardly worth pursuing, knowing that the hurt of rejection might be in your future.

John Matthews, Caring.com senior editor and attorney gives all of us a reality check:

“No one has a ‘right’ to buy long-term care insurance.  That results in insurance companies refusing to sell policies to people they think are likely to collect on the policies soon, or who might collect for a long time.  If an insurance company thinks the odds are that it might not make money on you, it won’t sell you a policy.”

WOW – that’s encouraging isn’t it?

While doing research for this article, I found the information provided by insurance brokers about LTC insurance was very enlightening.  Apparently many LTC insurance companies will accept you as an insured if you have had open-heart surgery, but will balk at covering someone who has arthritis.  Why you may ask?  I was told it is because the insured with heart issues will die before needing benefits whereas the person with arthritis will most likely become disabled and therefore cost the insurance company too much money in benefits payout.

Wow – that’s depressing, and somewhat maudlin, isn’t it?

I stand by my earlier article, Long Term Care Insurance Scares Me.  Insurers are trying to sell a product for which so few are eligible.  I thought I was scared before.  Now that I’ve done my research, I’m petrified!

Please share your experiences trying to obtain LTC insurance.  Whether you were accepted or rejected – we want to know.  If you were rejected and appealed the insurance company’s decision – we REALLY want to hear about it.

Moving Mom and Dad – or your spouse.

Moving Mom and Dad – Leaving Home is an article from the June/July 2012 AARP Magazine.  Statistics on aging are astounding, and scary.  “By 2020 some 6.6 million Americans will be age 85 or older.”  That’s an increase of 4.3 million from the year 2000.  Time to celebrate – right?  We’re living longer – and in some cases – thriving in our older age.  The reality of the situation, however, is that eventually we’ll need some sort of assistance with our activities of daily living (ADLs) that might require a move to a care facility of some sort.

The stories presented in the attached article describe family instances where emergent circumstances warranted an emergent decision to move a parent into some sort of care facility.  The best case scenario, as this AARP article suggests is that you, “dig the well before you’re thirsty.”  Nice sentiment – but not always possible.

I have written numerous articles for my blog that address the difficulties the caregiver, and the one needing care, go through when making the decision to choose a long-term care (LTC) facility for a loved one.  Below are links to each of those articles.  I hope they prove beneficial to you.

Deathbed promises and how to fulfill them.

Caregiving: The Ultimate Team Sport.

Selecting a Senior housing community – easy for some, not for the rest of us.

Avoiding the pitfalls of selecting Senior Housing.

Adjustment disorder: a long-term care facility side- effect.

Be an advocate for your aging loved one.

Visiting a loved one at a long-term care facility.

Caregiver guilt.

Baby Boomer + Aging Parent = a changing paradigm.

Planning for a wedding?  FUN!!!!!

Putting together an extended vacation to a tropical paradise?  EXHILARATING!

Figuring out how to help mom and dad with their increasing care needs?  UNEXPECTED!

Logo of NPR News.

(Photo credit: Wikipedia)

A recent National Public Radio (NPR) Story: Preparing for a Future that includes Aging Parents addresses the unexpected, and the unplanned for.  Whether because we’re kidding ourselves or we really believe it, we oftentimes can’t imagine our parents as anything but the energetic, robust, independent mom and dad with whom we grew up.  And if we don’t live near them, we’re falsely sheltered in our assumption that mom and dad are doing just fine; at least they were the last time we saw them during the Holidays!  If we’re honest with ourselves, however, we’ll admit that our infrequent visits with the parents shock us greatly as we notice a bit of feebleness in their manner, because as the above story states, “time does what it does.”

Surprisingly, only 13% of some 4,000 U.S. workers surveyed for the 2011 Aflac WorkForces Report considered that the need for long-term care would affect their household.  We love to live blissfully ignorant, don’t we?  We have so many of our own stresses and pressures associated with running our family household, we’re just not going to entertain having to be on-point with our parents’ needs as well.  Guilty!

Taking a walk with my Dad.

I became a long-distance caregiver in the Seattle, Washington area for my father who lived in an all-inclusive facility called a Continuing Care Retirement Community (CCRC) in Southern Oregon.  The first eight years he lived there were worry free because my father was one of those robust parents who was on the path towards living to a ripe old age.  He did live to a ripe old age, dying at the age of 89, but from the age of 84 until his death, Alzheimer’s invaded our family’s peaceful existence, and I found that even as a long-distance caregiver, I was on-point 24/7.

Caveat: my parents had purchased long-term care (LTC) insurance so none of us three offspring were financially responsible for my father’s care.  But anyone who has been a caregiver for a loved one knows that care isn’t always equated to monetary expenditure.   In my case, the constant need to travel to Southern Oregon to monitor his care and be the designated (self-designated) sibling best equipped to coordinate his care with the facility’s staff, lead to my decision to temporarily leave my career, which was, coincidentally, one in the long-term care housing industry.  By the way – the answer was not to move him up to the Seattle area.  His financial investment in this CCRC up to that point rendered that an untenable option.

Even though I absolutely relished this opportunity to give back to my father – and I truly did – it was very difficult on my household and me.  My health temporarily suffered.  Everything I did revolved around being available for my father and hopping on a plane at a moment’s notice.  I lived in a five year period of dreading the ringing of my home phone or mobile phone because it most likely meant that something needed tending.  And getting home and finding NO voicemails in our phone system was cause for celebration.

  But enough about me.

Are you prepared for the eventuality of attending to your parents’ care or are you already on that journey?

Or maybe you are already caring for a spouse with medical or cognitive needs.  How are you managing that difficult task?

Let us hear from you.  Not talking about it won’t make it go away.  It’s time to face the piper and be as prepared as we can for the inevitable.