for those of us that will retire and eventually die here. what are your plans for long term care for old age? in case you become old and frail , what will you do?
rely on your kids? pay out of pocket for care taker / nursing home? do you have any insurance for long term care?
any recommendations for long term care insurance will be welcome. i couldnt find any relevant offer, the closest thing was to buy life insurance with a disability rider.
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Told my children to set up personal long-term caregiver at home here if for whatever reason I become an invalid. Itâll be out of pocket for me and the missus, but others may have input about buying long-term care insurance and what the costs are.
As for the kids, they better help out as best as possible, else they donât get the assets, ha ha.
Jesting aside, I know theyâll do good by us.
Will be set up here in the south, too, where we live.
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"I remember my fatherâs last words to me- he said âSon, what are you doing with that pillow?â "
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I plan to be a ward of the state
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I dont have great expectations to be honest. I am here for the lack of winters while im âyoungâ. I would probably rather assited suicide than the old folks home here.
Do the right thing and have lots of kids that you will force to take care of you in old age.
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Oy vey . So pay now, or pay later. Is that what youre trying to say?
Hehe. I would trust children i raised to love and care far sooner than a government i suppose. Sometimes the old ways have their merrits.
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You can pay never and dump them at Amaâs house every day for 18 years.
Win win! Grandparents pay now and kids pay later. #WINNING!
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Lol. Ya if i was a derranged heroin addict i would leave my children with my inlaws as well. But im not so i wont ha ha. There is a reason i choose my housing based on the opposite side oft the island as my better halfs family. God that sounds terrible, but we all think it!
If i have 10 kids 8 better have strong backs and 2 better great dexterity, at least in their hands. For 16 years, the start at 2
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Relying on our kids? the "strawberry generation"thatâs easily bruised? Forget it. Iâd be lucky if my kid will be half independent after 18. Foreign caretakers are a crapshoot. You might get someone devoted and committed or a person who takes your money and run. Best to rely on yourself. Stay active and healthy and save up. I bought an annuity some years ago and look forward to collecting after I turn 60.
Unless youâre already in your 60s and 70s, your kids arenât part of the socalled âstrawberry generationâ.
Or are we using this term like Millennial as a synonym for young people to disparage all young people?
And remember. These socalled âstrawberriesâ are in their thirties and forties now.
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My sad understanding is that many of us long-term foreigners in Taiwan are ill-prepared for this aspect of old ageâŠ
Personally iâm researching insurance options, but still havent found something suitable for my needs.
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Good question. I had to google that as Iâve always used âstrawberry generationâ to describe just young people in general. This is what I found:
Strawberry generation (Chinese: èèæ; pinyin: CÇomĂ©i zĂș ; or èèäžä»Ł; cÇomĂ©i shĂŹdĂ i )[1] is a Chinese-language neologism for Taiwanese people born from 1990s onwards (corresponding to the Western Millennials and Generation Z) who âbruise easilyâ like strawberries
I guess youâre right. My kid is definitely not a strawberry. Thank god!
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Money and gold.
My plan is to live independently until I canât, and then just die in a field somewhere.
My girlfriend, though, has just signed up for an insurance thing which will cover professional care and associated medical expenses if she gets alzheimerâs or some other debilitating disease. Apparently itâs also sort of automated â care homes etc will be able to bill the policy account directly, so her daughter wonât have to deal with it. Itâs pretty expensive, though â about NT$12k/mo, if I remember. If that sounds appealing, I can find out where she got it.
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NT$12k/month currently, or when the Alzheimers/dementia takes place?
If you have name of insurer, people can probably due their own due diligence.
Currently. Itâs the premium. I can ask her later who itâs from.
Yes pls, the name of the company and of the Policy will be a big help.
Okay, the general term for that kind of policy is é·æç §éĄ§ç”èș«äżéȘ. My girlfriend got it from ćć±±äșșćŁœ and the specific policy she got is called ćć±±äșșćŁœæșąè·Żçžćźé·æç §éĄ§ç”èș«äżéȘ.
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Related but slightly different: how foreign residents are for the most part not eligible for disability benefits in Taiwan. The exception here are Japanese citizens, as Japan and Taiwan set up some kind of bilateral agreement to cover this sort of thing.
Our exclusion from such benefits has caught the attention of organizations such as Crossroads (I admit I am not familiar with their work) as shown in this moving and excellent report from Louise Watt at Taiwan Plus:
https://twitter.com/taiwanplusnews/status/1676573676018495490
This situation needs to change.
Guy
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