Long-Term Care

Long-Term-Care-InsuranceWhat is Long-Term Care Insurance?

Medicare only pays for long-term care if your clients require skilled services or rehabilitative care. Medicare does not pay for non-skilled assistance with Activities of Daily Living (ADL), which make up the majority of long-term care services. Read the section on Medicare for more information. Long-term care may cost more than your clients think. Read more about cost of care. There are many different ways to receive care and many different settings in which to receive it. To learn more about different care setting, see the “Where You Can Receive Care” section of the site.

The Department of Veteran Affairs (VA) pays for long-term care services for service-related disabilities and for certain other eligible veterans, as well as other health programs such as nursing home care and at-home care for aging veterans with long-term care needs. Visit the Department of Veteran Affairs to view available programs and services. Your clients can get a functional assessment at their local Area Agency on Aging. Use the “Eldercare Locator” at eldercare.gov to find the agency nearest you. Your clients may be able to receive care from providers and/or local programs in your community. Learn more about local options by visiting the “Finding Local Services” page. By obtaining an advance care directive, your clients can inform their family or loved ones about how to make important health decisions for them, should your clients no longer be able to make those decisions for themselves. Consult the “Advance Care Plan Considerations” page for more information. Alzheimer’s Disease can make long-term care planning more challenging. To learn more about what to expect, visit the “Alzheimer’s” page or alzheimers.gov. If your clients wish to stay at home, it’s important to make sure the home is modified accordingly, for example, stair and bathroom safety is a good place to start.

1 in 8 Americans over 65 has Alzheimer’s disease. It’s the only cause of death in the top 10 in America that cannot be prevented, cured, or slowed. Almost two thirds of Americans with Alzheimer’s disease are women. 1 in 3 seniors dies with Alzheimer’s or another dementia. Alzheimer’s disease is the 6th leading cause of death in the United States. In 2015, Alzheimer’s and dementia will cost the nation $226 billion.

In United States it cost about $3,500 a month for a one-bedroom assisted living apartment in 2014. On average in America it cost $42,000 per year. Assisted living costs vary, depending on the following factors:

  • type of residence
  • size of apartment
  • types of services needed
  • geographical location of the community
  • 24-hour supervision and security
  • Daily meals
  • Basic housekeeping
  • Laundry
  • Health and exercise programs
  • Social programs
  • Transportation
  • Access to medical services