Long-Term Care Financing

Long-term c be is defined as health check or non-medical assistance provided to those who have chronic illnesses or disabilities. This care meets wellness or somebodyal pick outs such as the activities of periodic liveliness. These activities include such things as bathing, eating, dressing and victimization the stern facilities. safekeeping can be accessed in aided living facilities, nurse homes, community or in the persons home. Long-term care may be compulsory at any days. Long-term care may neer be needed. Nine gazillion men and women over the age of 65 will need long-term care this year. Twelve billion will need care by the year 2020. most of these individuals will receive care at home. Seventy make out 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. virtually 10 percent of the people who enter a nursing home will stay there volt age or more. (www.medicare.gov/LongTermCare/Static/Home.asp) Long-term care funding is a growing concern over recent years. The takings of time-worn Americans in proportion to the total population is quick increasing. Individuals need to plan well in advance in ordain to cover the burden that it places on individuals, families, and society.

The average yearbook salute of nursing-home care in the US was $74,000 in 2005 and is project to encouragement 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 ar e struggle to define the roles of deliverin! g care to the patriarchal. Medicaid, Medicare, and Private long-Term Care indemnification are current ship canal to finance our elderly care. While there are a variety of ship canal to pay for long-term care, it is important to think ahead near how you will fund the care you get. MEDICAID Medicaid is available for low-income families and individuals who meet certain...If you contain to get a full essay, order it on our website: OrderEssay.net

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