Long Term Health and Care.
June 11, 2006
NEW YORK - Brenda Wiemann has been with the Cayuga County Office of the Aging since January for one purpose: to educate the public about long-term care insurance. She gave the first of what she hopes will be monthly presentations about the public’s options for preparing for a chronic health care situation that could arise in their lives due to illness or injury. New York state legislators want to reduce the number of tax dollars that fund programs such as Medicaid and Medicare, and they believe long-term care insurance may be a giant step in that direction. The state’s legislators have developed a program called the New York State Partnership for long-term Care that combines Medicaid benefits with individual long-term care insurance.
Baby Boomers Turning 60 - New Challenges Ahead for Folks Approaching Retirement Age.
June 9, 2006
Long-term care is the crisis of the 21st century and 3 out of 5 people will need it, while 2 out of 5 will require nursing home facilities.
70 percent of current nursing home residents deplete their financial assets within 12 months and right now, 12 million Americans need long-term care. “How will increased life expectancy and rising medical care affect you and your family as you age?” asks Frank N. Darras, the nation’s leading disability and long-term care insurance lawyer.
“It is critical to think now about the best path for aging gracefully and with dignity without a devastating financial trauma near the end of life.”Darras says.
Eldercare In the Coming Age of Scarcity: Who Will Care? Who Will Pay.?
June 9, 2006
America is rapidly moving to a two-tiered system of long-term care services. One provides a broad spectrum of services ranging from an optimal amount of high quality home care to elegant and well staffed continuing care retirement communities for those who can afford to pay; while the other offers very limited services ranging from a few hours of home care per week to often dreary, poorly staffed, nursing homes funded by Medicaid. [Read more]
