Financing Long-Term Care - Handout 7

Critical Conversations About Financing Long-Term Care Follow-Up Program Evaluation

About 6 months ago you participated in the "Critical Conversations About Financing Long-Term Care" program. We’d like to ask you a few questions about what you learned and how you have used the information.

The purpose of this program was to increase awareness of the need to plan for changing health and independence as a later-life event impacting financial security and help consumers identify and communicate strategies to manage the risk of long-term care. Now that you’ve completed the program, we’d like to ask you a few questions about the experience and what you learned. Answering these questions is voluntary. Neither your name nor any other information that may identify you personally will be included in any public summary or report of responses to these questions.

1.	Identified my risk of needing long-term care?	Yes
2.	Estimated my life expectancy?	Yes
3.	Examined the local costs of long-term care?	Yes
4.	Identified my later-life financial goals?	Yes
5.	Gathered information on specific strategies for financing long-term care (e.g., Medical Assistance, long-term care insurance, reverse mortgages)?	Yes
6.	Examined the ability of my existing health plan to cover long-term care?	Yes
7.	Assessed my ability to self-insure by saving on my own?	Yes
8.	Assessed the impact needing long-term care would have on my family’s financial security?	Yes
9.	Established or revised saving and investment goals to pay my own way?	Yes
10.	Purchased a long-term care insurance policy for a family member?	Yes
11.	Examined long-term care policies and chose not to purchase at this time?	Yes
12.	Have taken steps to protect all of my income and assets from paying for long-term care?	Yes
13.	Protected some of my life savings to be able to leave an inheritance?	Yes
14.	Discussed my later-life financial needs and goals with others?	Yes
15.	Discussed long-term care financial issues with aging parents/in-laws?	Yes
16.	Discussed long-term care financing with a financial planner, attorney or other professional?	Yes
17.	Decided to wait until long-term care is needed to take action?	Yes
18.	Decided to take the chance that I won’t need long-term care?	Yes

Please list any other specific action steps you’ve taken as a result of participating in this program:

B. After attending the program, did you share information about it with other people?

C. As a result of this program, do you know where to find information to help you make decisions about financing long-term care?

Developed by Marlene S. Stum, Ph.D., Financial Security in Later Life National Initiative Development Team Member from Family Social Science, University of Minnesota. 2002.

Recommended by Judith R. Urich, Ph.D., CFP, Family Resource Management Specialist at the University of Arkansas Cooperative Extension Service. 2003.

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Financing Long-Term Care Handout 7

Financing Long-Term Care
Handout 7