What Do People Think About Government-Paid Long-Term Care?
“A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.”
October 17, 2022
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“A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.”
“Political instability, rampant inflation and the specter of recession are looming threats to our clients’ financial future, which directly impacts their ability to take care of themselves at a point in their lives when they are likely to need care or other age-related services.”
“The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.”
“The cost of long-term care insurance is based on several criteria, including the number of clients who have kept their policies over time, as well as customers’ longer lives.”
“Medicaid recipients over the age of 55 are expected to repay the government for many medical expenses—and states will seize houses and other assets after those recipients die in order to satisfy the debt.”
“Retirement should be a welcome reward for long years of hard work. However, unless you prepare now, it might not be the bed of roses you had hoped for.”
“‘Aging in place’ is what most of us want—to stay home in our comfortable environment as we age and receive care in the home when needed, rather than moving to a nursing home or assisted living facility.”
“When a daughter travels great distances to assure her mother is well or a son visits so often with his father that each of them figures it might be easier if they simply joined households, it might be time to begin to question whether a joint living arrangement might make sense for everyone.”
Can your spouse or your adult children care for you? Maybe.
Resources can become a real roadblock to receiving aid for long-term care.
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