Planning "IQ" Quiz

The quiz below is designed to provide a quick first impression of how much “planning” for long term care someone has done and to give them some ideas for some easy "first steps" they can take. Answer each question below YES or NO.

1. Do you think it is possible that you might someday need long-term care?  YesNo2. Have you looked into what it would cost if you ever needed nursing home care? Or looked into what community-based services are available to provide care in your home and what they cost? (Specifically, have you visited or called nursing homes or home health care agencies to find out what they cost? Or do you know first-hand what they cost because someone in your family has needed care?)   YesNo3. Have you ever talked with your spouse, adult children, friends or your siblings about whether they would want to or be able to care for you if you became ill or disabled for a long time? Or have you ever told them how you feel about relying on their help?  YesNo4. Have you ever looked into alternative living options such as moving in with family, moving to an assisted living facility, retirement community, continuing care community, moving to an easier-to-care for apartment or house or modifying your home to make it easier to get around and to care for?   YesNo5. Have you ever talked with a financial planner, insurance agent, attorney or other financial advisor about how you would pay for long-term care services if you needed them?  YesNo6. Have you thought about how much of your current income and assets you could afford to set aside to pay for long-term care expenses if you needed care due to an extended disability or illness?  YesNo7. Have you reviewed in detail your current health care insurance (Medicare, Medigap, HMO, etc.) to understand whether it would pay for your care if you needed to be in a nursing home or needed care at home for an extended disability or illness?  YesNo8. Have you specifically set aside funds to pay for long-term care if you need it and done so in a way that assures you that you won’t use these funds for anything else until you are certain that you won’t need long-term care? This might include a medical IRA, long-term care annuity, long-term care insurance, or reverse annuity mortgage?   YesNo9. Have you discussed with your family physician whether you might be at increased risk for needing long-term care someday based on your medical and family history or lifestyle risk factors?   YesNo10. Have you ever read a consumer’s guide about planning for long-term care or buying long-term care insurance?  YesNo

Developed by Long Term Care Group, Inc.