Kathy and her partner Cathy are two extremely planful people. To them, it only made sense to have a plan in place for their future.
Now retired, both Kathy and Cathy worked in the health care field, Kathy as a medical librarian and Cathy as a public health nurse, and saw how important it was to plan for their long-term care.
“I watched people make assumptions that someone else is going to pay for their long-term care,” said Cathy.
“People think Medicare will cover it but it doesn’t,” added Kathy.
The two also saw the importance of planning for the future after playing a part in the care of five aging parents and family members.
“I saw how my aunt hadn’t planned for anything and I could see that if she had planned more, she would have had a better end of life,” said Kathy.
So when given the option to sign up for long-term care insurance by their employers, Kathy and Cathy jumped at the chance. Because they signed up early, their premiums are low. But they both knew that their long-term care insurance would not cover all future expenses. Being big savers, the couple also has money set aside that can be used to pay for services that allow them to age at home, should they need it.
Kathy and Cathy knew they needed to plan, being a lesbian couple. Although they were married in Canada on their 25th anniversary, their marriage is not recognized in Minnesota. To compensate for this, they have created a great deal of paperwork, including power of attorney, wills and health care directives.
The couple advises others to begin their planning now.
“Start early–don’t wait,” said Kathy. “If you are not legal spouses, get your paperwork done.”
"Don’t assume someone else is going to do this for you,” added Cathy. “Get involved.”