The 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs shows that private room nursing home rates rose 3.3% to $219 per day or $79,935 per year, while assisted living base rates also rose 3.3% on average to $3,131 per month. Home healthcare...
Tag: long term care insurance
Long Term Care Insurance May Be Within Reach
Some 10 million Americans currently require long-term care according to the American Association for Long-Term Care insurance with annual expenditures exceeding $200 billion. Experts expect the number of individuals needing care will grow significantly in the next decade as the 76 million baby boomers begin to turn 65. To educate...
Legislation to expand access to long-term care insurance introduced.
Legislation to expand access to long-term care insurance and strengthen consumer protections of these insurance products has been introduced in the House. The Long-Term Care Affordability and Security Act of 2009 would permit long-term care insurance to be included in employer-sponsored cafeteria plans and flexible spending accounts, enabling people to...
Long-Term Care an Important Election Factor
A new study released today from Genworth Financial shows that eighty-four percent of baby boomers say the presidential candidates’ positions on long term care issues and funding will be an important factor in determining how they cast their vote in November. Of course finding their stand on this issue takes...
Going to the Dogs
I always said I wanted to come back as my brother-in-law’s dog. In the pecking order in his house it is my sister-in-law then a tie between their son and the dog then my brother-in-law. So here is another great reason to be a dog. When you age you too...
Race and Nursing Homes
According to a study to be published in a medical journal Health Services Research, black nursing home residents in Maryland and Virginia are more likely than white residents to be sent to hospitals for dehydration, poor nutrition, bedsores and other ailments because of a gap in the quality of in-house...
Paying for Long Term Care
The majority of baby boomers have not planned accordingly for long-term care expenses and mistakenly believe they have the resources to cover such care. According to a survey released earlier this week by AmericaÛªs Health Insurance Plans (AHIP) among boomers nearing or at age 60, only 25% say they are...
For Profit Nursing Homes Worse?
You must read this New York Times article from Sunday, September 23. It complements other writing on the topic that shows how for profit long term care providers create such a complex corporate legal structure that it is nearly impossible to identify, let alone sue, ownership. It shows how so...
House Bill 3162
U.S. House Bill 3162 is getting a lot of publicity these days because it addresses one of the most vulnerable segments of our population – that’s right children. Its noble goal to expand health coverage to children comes at a price. Hidden in the bill is a provision to slash...
Long-term Care Insurance
One of the myths I dispel in “Who Moved My Dentures?” is how long-term care is paid for in this country. Forbes had a recent article outlining the issues. I paraphrase it here. Overall demand for long-term care is expected to expand massively over the next 50 years, as the...