ipl-logo

Pros And Cons Of Long Term Care

446 Words2 Pages

There are a few ways a person can pay for long-term care. Long-term care insurance is one option, however very few people purchase and maintain this type of insurance. Medicare is another option. Medicare only pays for care if skilled nursing/rehab is needed. The maximum stay at a skilled nursing facility is 100 days. Medicaid is an additional option that pays for the largest portion of long-term care. Qualifying for Medicaid is challenging. The qualifications and guidelines for Medicaid are strict, placing older adult’s health at stake. Other programs such as the Older Americans Act and the Department of Veteran Affairs maybe helpful, nonetheless they have qualification restrictions that are also tough for people to qualify for. …show more content…

Not all companies/business offer it, therefore people are not aware of how it can help in the future. Long-term care facilities are not affordable or readily available. Most elderly people only qualify after they have exhausted their assets. Facilities that offer care have issues with funding and staffing, which can lead to inadequate care. An added problem with long-term insurance is, services and qualifications vary from state to state. One in five adults with long-term care needs reports an inability to get the care they need, often with serious consequences’. (Feder, pg. 41) Types of Long-Term Care Many people are confused and uninformed when it comes to long-term care, therefore choosing the right option is challenging. Understanding the different types of what they provide is key when deciding the scope of services needed to fit the individual’s needs. The following are a few different types of long-term care facilities and the services offered. 1. Home care is a good choice for someone that can continue to maintain in their own home. It can be given by family, friends, volunteers, or professionals. Home care can assist with an array of services such as help with everyday activities like shopping, meal prepping, and nursing

Show More
Related
624 Words | 3 Pages

These types of care are covered when deemed medically necessary during a benefit period that begins when a patient is admitted as an inpatient in a hospital or skilled nursing facility and ends when they haven’t received care for 60 consecutive days. Each time a patient receives care during a new benefit period, the beneficiary must pay the inpatient deductible and copayments for all services during that beneficiary period. The duration of the benefit period determines the amount of deductibles and copayments and is due by day 60. The benefit period provides coverage up to 90 days, after which, a beneficiary who still needs care can use their nonrenewable lifetime reserve of up to 60 additional days of inpatient hospital care. After a beneficiary has exhausted all of their care days, whether they use the covered 60 days or have exhausted their additional lifetime reserve, they are responsible for all costs associated with additional care for that benefit

Read More
517 Words | 3 Pages

With input from all parties, a care plan can be developed. In many cases, both a home health aide and an in-home caregiver will be required to ensure the proper level of care, one that allows the senior to stay in his or her home. In the event a patient needs home health care in addition to a personal care aide, we are happy to help. We work with home health agencies to ensure our clients have the help they need at all times, regardless of what is involved.

Read More
414 Words | 2 Pages

Be sure to ask ahead of time what your future caregiver is and isn’t willing to do.   What is your vetting process for caregivers? Safety is the utmost concern when it comes to elderly assistance. Always ask potential in home care companies how they vet their caregivers, whether or not they run background checks, and what references they can give you.   Ask these questions you’re sure to snag a great in come care provider who is compassionate and helpful!

Read More
553 Words | 3 Pages

Medicare Kelsey Reinholt SOC 400 10/22/2015 Les Lazarevic ABSTRACT The focus of this paper is to provide knowledge over the Medicare and its requirements. This paper explains some challenges that might occur with the choices on Traditional Medicare, with Medicare+Choice, there is usually an incentive financially or at least an encouragement for a transfer to the private sector for little to no cost. Medicare and Medicaid, two publicly funded health programs, both cover populations in need of long-term care, but they are poorly coordinated.

Read More
1350 Words | 6 Pages

This will bring a surge of elderly people with functional and cognitive limitations; Functional limitations- physical problems that limit a person’s ability to perform routine daily activities; Cognitive limitations- losses in mental acuity that may also restrict a person’s ability to perform such activities (Wiener, J. M., 2013). Long- term care services are going to grow in the next 10 years, two- thirds of the total spending for long-term care come from government health care programs (Wiener, J. M., 2013). The long-term care services expenditure for the elderly is 1.3% of the Gross Domestic Product (GDP), projected expenditures by 2050 will range from 1.9% to 3.3% GDP (Wiener, J. M.,

Read More
1521 Words | 7 Pages

According to Public Law 89-97, the act is described as “An act to provide a hospital insurance program for the aged under the Social Security Act with a supplementary medical benefits program and an expanded program of medical assistance.” The act resulted in one basic program of health insurance for individuals aged 65 or older, while the other program provided health insurance for people with limited income funded by state and federal sources.

Read More
296 Words | 2 Pages

Long-term care policy is to guide the development of the system of power, its decisions should be based on national or regional cultural characteristics, resources and other policy objectives. In a long time period, long-term care was considered to be a personal issue be classified as personal and family responsibilities, public policy intervention less number because of personal or family poverty, by charitable organizations and concerned sectors of society to receive welfare. After 1950s Western countries had been massive growth in the elderly population, long-term care from the minority poor social problem into a number of common problems. For long-term care policies have to reflect on how to improve the quality of long-term care services,

Read More
730 Words | 3 Pages

Are you a first-time homebuyer? Do you think you’re having difficulty finding the ideal and affordable house? A few homebuyers find it challenging to achieve their goals. Perhaps your credit score isn’t so great. Maybe you have no credit at all, which can be worse than having poor credit.

Read More
664 Words | 3 Pages

However, younger people may qualify if they have received 24 consecutive months of Social Security disability benefits, along with other specific requirements. There are four parts to Medicare’s benefits. Original Medicare includes Part A and Part B. Part A generally covers hospital care and hospice care, and Part B (Original Medicare) covers services such as medical care, durable medical equipment, and supplies, and some preventative services. Part A is funded primarily through a dedicated payroll tax paid by employers and their employees, while Part B is financed through a combination of general revenues, premiums paid by beneficiaries, and interest.

Read More
545 Words | 3 Pages

With the changes in the healthcare industry, including the so-called Obamacare law, soon-to-be retirees in places like Northwest Indiana are well advised to carefully look into their options in Medicare insurance. Keep in mind that, as your age advances, your needs in medical insurance changes and you must keep up with these changes so that your retirement will be more enjoyable for it. Medicare Shoulders the Bill Medicare is a national social insurance program guaranteeing access to medical insurance for specific cohorts including senior citizens (individuals age 65 and above) as well as younger people with disabilities, end-stage renal disease, and Lou Gehrig's disease. You will soon obviously fall into the first category wherein most Medicare

Read More
937 Words | 4 Pages

It covers long-term services and supports, including personal and custodial care in a variety of settings such as home, a community organization, or other facility. Long-term care insurance is a form of reimbursement to policyholders of a daily amount, based upon a pre-selected limit, for services to assist them with activities of daily living such as bathing, dressing, or eating. The down side of long-term care insurance is if the individual is in poor health or already receiving long-term care services, they may not qualify for long-term care insurance as most individual policies require medical underwriting. Medicare.gov defines medical underwriting as “A process used by insurance companies to try to figure out your health status when you're applying for health insurance coverage to determine whether to offer you coverage, at what price, and with what exclusions or

Read More
411 Words | 2 Pages

Medicare and Medicaid also both support home and community based services under the social security act. They both partially cover certain long-term services and the remainder that isn’t paid but either Medicaid or Medicare has to be covered by the individual (MacTaggart and Hyatt, 2013, p.

Read More
483 Words | 2 Pages

Long-term care insurance pays for nursing home expenses as well as home health care. The insurance is meant to cover the cost costs associated with long-term care for those who have had strokes, chronic diseases, or Alzheimer’s diseases, as well as those who can simply no longer manage to live on their own. Moreover, it is another form of disability insurance, and its downside is that it is expensive according to Keown (2007). However, there are plenty of cost-benefits to purchasing long-term care as it is meant to protect you against the financial consequences of the high cost of increasing life expectancies and the resultant rise in the chance that you may eventually need some level of care. In other words, long-term health care insurance is meant to protect you against the financial consequences of such cost.

Read More
190 Words | 1 Pages

Many people, who exist in our communities, experience issues in being equipped for living autonomously inside their own homes. With many seriously ill and other’s just needing personal care, service users require skilled workers to enable them to carry out their daily activities, be that as it may, not everyone has companions or family to lean on or if they do a figure may require extra help. Thus, home care workers provide substantial assistance to those in need. With the above statement home care workers face many challenges while providing care, it is not a straightforward process as each home care worker is unable to have the protection of a workplace. And also need to be able to adapt to every individual home, they must be competent to

Read More
768 Words | 4 Pages

They mostly volunteer their time to help their loved ones in living a normal and healthy life. They address the patient’s physical, emotional, and social needs, carry out routine medical procedures, administer medications, and transport patients for doctor 's appointments. Long distance caregiver Long distance caregivers are family members who are not present with their ailing family members due to professional commitment, but are concerned about well-being of their loved ones. They provide emotional support, and take care of medical expenses, arrange for best medical facilities, and home care.. Professional

Read More

More about Pros And Cons Of Long Term Care

Related Topics

Open Document