Renowned financial planner Dave Ramsey offers a financial investment calculator on his Web site that helps individuals estimate the savings they will need to accrue for comfortable retirement. Community pharmacies and home medical companies are a vital but often overlooked component of remaining healthy at home for many older Americans. Likewise, a September study of Americans by Harris Interactive revealed that nearly 4 of 5 Americans think the federal government should strengthen patient access to home medical equipment and services.
If programs like the ill-conceived Competitive Bidding eliminate suppliers, our seniors will feel the void and suffer as result. Though they better understood the cost of care, they were not well informed on the resources that paid for it.
Over 10 million Americans currently need long-term care for daily living, and there are strict qualifiers like a very small income and essentially no assets in order for Medicaid to pay. Medicare, on the other hand, does not pay for long-term care and would only temporarily pay for a nursing home stay in the instances of rehabilitation or skilled nursing care after a qualifying hospital stay of 3 days. Neither Medicare nor Medicaid will pay for Assisted Living and will not cover personal support services like grooming, bathing, meal preparation and eating, and more.
Both Medicare and Medicaid are undergoing significant budgetary changes at the state and federal level, and boomers and seniors must be prepared for what lies ahead. Since women live longer than men, the women are typically caregivers for their spouse.
Retirement and Long-Term Care
However, when widowed, they have no one to care for them and can develop more chronic health problems with their longer life-span. As our population ages, a rebalancing act is occurring in several states throughout the country as older adults and people with disabilities seek long-term services and desire to remain at home. Yesterday groups met on Capitol Hill to discuss long-term care options and to gain a better understanding of how we can efficiently and effectively care for people needing long-term health care services. The forum, held by the Alliance for Health Reform and the Commonwealth Fund, focused on serving more people through home and community based services than through institutional care.
Homecare is cost-effective, patient preferred, and results in better clinical outcomes than institutional care. A homecare-based approach will address the goal of former President John F.
As a fellow Homecare Advocate, I encourage you to learn more about long-term care and how you can prepare yourself for the future so that you can truly enjoy the golden years. January 24, at am , Long Term Elder Care said:.
There are difficult topics everywhere, such as where and how you need to have a discussion with your family about long term health care. Life seems to be rather tough sometimes. March 13, at am , Cedric Policastri said:. April 10, at pm , Inell D.
The busy ethic moral continuity between work and
James Fries, a pioneer researcher on healthy aging at Stanford University, told the news source. Mixing up the exercise routine or doing it with a friend is a good way to keep up with the routine, AARP reports. Seniors could also consider joining yoga or other exercise classes at their senior living communities to stay healthy.
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