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I’ve been thinking a bit about long term care lately. Maybe it’s because I just got a new job and one of the places I interviewed to work for was a nursing home association (didn’t get that job).

Maybe you have had a close friend with a parent facing a scary health scenario. As we get older, especially into our 30s, we are a bit closer to our own mortality, and getting very close to that point when we have to start dealing with the fact that our parents are getting old.

Major changes in our lives, like new jobs, births, deaths, and sickness always seem to cause us to re-evaluate our financial position. Seeing others go through similar circumstances gives us a good opportunity to consider the effects of a worst case scenario without having to experience it.

Imagine a trio of siblings, all in their thirties. Their parents are in good health and with Americans living longer than ever, there is no reason to think that they don’t have many more years of good health ahead of them.

But the fact that their children are just starting to get settled in life and are making good household incomes presents a good opportunity to set aside a small amount of money each year to deal with immediate concerns should a health emergency arise.

I’m not sure what my parents have for long term care insurance, which means they probably don’t. Which raises an entirely different issue: when is it time for parents to open the vault of secrets and begin to set some plans in place in the event one or both is incapacitated?

Also, as we ourselves make our way through our thirties, how can we force ourselves to set something aside to combat the asset-destroyer that is the need for expensive and prolonged long term nursing care?

Americans are living longer, but they are living worse than ever. So brings a whole new reality for a new generation.