Long-Term Care Financing

Long-term c be is defined as medical or non-medical care provided to those who have chronic illnesses or disabilities. This care meets wellness or personal needs such as the activities of periodic liveliness. These activities include such things as bathing, eating, dressing and using the stern facilities. safekeeping can be accessed in assisted living facilities, nursing homes, community or in the persons home. Long-term care may be needed at any age.
Long-term care may never be needed. Nine gazillion men and women over the age of 65 will need long-term care this year. Twelve million will need care by the year 2020. intimately of these individuals will receive care at home. Seventy share of the of age(p) are cared for by family and friends. A study by the U.S. Department of Health and Human Services says that people who name age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there volt years or more. (www.medicare.gov/LongTermCare/Static/Home.asp)
Long-term care funding is a growing concern over recent years. The takings of elderly Americans in proportion to the total population is quick increasing. Individuals need to plan well in advance in order to cover the burden that it places on individuals, families, and society.




The average yearbook cost of nursing-home care in the US was $74,000 in 2005 and is project to rise to $175,000 by 2020. This amount would decimate the assets of all only if the wealthiest. (Weisser, 112)
The federal and state governments along with the private sector are struggling to define the roles of delivering care to the elderly. Medicaid, Medicare, and Private long-Term Care Insurance are current ship canal to finance our elderly care. While there are a variety of ways to pay for long-term care, it is important to think ahead closely how you will fund the care you get.

MEDICAID

Medicaid is available for low-income families and individuals who meet certain...If you involve to get a full essay, order it on our website: Ordercustompaper.com



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