Public opinion surveys show that most Americans incorrectly think Medicare pays for long-term supports and services (LTSS). It does not. But should it? Should Congress add a long-term care benefit to the program’s current package of insurance for hospital care, doctor visits, and drugs? Three highly respected health researchers, Karen Davis, Amber Willink, and Cathy Schoen, think it should. In [...]
Older men are living longer and enjoying more active lives than ever before. In fact, in a dramatic change from three decades ago, these men can now expect their last decades of life to look very much like that of women. Even as men live longer, they are less likely to suffer physical limitations than in past years, and when [...]
You’ve probably heard somebody say, “assisted living is the new nursing home.” A new study suggests that, in important ways, it is true. People living in residential care communities, including assisted living, care homes, or adult group homes, look a lot like those who once lived in nursing homes. They suffer from serious chronic conditions, need assistance with daily activities [...]
Four former top government officials—two Democrats and two Republicans—have proposed a new plan aimed at improving the nation’s system for financing long-term care. Their package of ideas is detailed but relatively modest. However, by agreeing to a consensus plan, the officials have taken a major step in raising the profile of the critical issue of long-term care financing. The group [...]
It is no secret that long-term care is among the greatest financial risks we will face as we age. But if you are a woman, your chances of needing significant levels of personal care after age 65 are especially high. So are the dangers of not planning for costs that will average more than $180,000 for a woman turning 65 [...]
Can the US do a better job of designing long-term care insurance? The answer is yes, according to two important new studies. With hard work and political will, we can develop better ways to help pay the enormous cost of long-term supports and services. The new research is a big step towards improved financing of these services. It did not find a “magic bullet.” But [...]
Family caregivers help loved ones suffering from many illnesses, from heart disease to severe arthritis. But a new study shows that one condition—dementia—places an outsized burden on those family members. They spend more hours, do more difficult work, and provide assistance for more years than family members caring for older adults without memory loss. An article in the journal Health Affairs [...]
A typical American turning 65 this year is in line to receive about $500,000 in lifetime Social Security and Medicare benefits. That's more than $1 million for older couples. But many still won’t have enough money to pay for out-of-pocket medical care and long-term supports and services. While the wealthiest seniors will have the resources to pay these hefty out-of-pocket costs, most older adults won’t [...]
Many home health aides and other direct care workers are going to get raises. An important court decision on Friday, an aggressive lobbying campaign by unions, more generous state minimum wage laws, and—perhaps most important of all—growing demand for paid home care by consumers—will inevitably drive up wages for these aides. The question is: How will older adults, younger people [...]
A newly-released survey shows just how conflicted Americans are about long-term care insurance. And how unrealistic they are about how much long-term care costs and how much insurance they can buy for what they are willing to spend. The survey, completed in 2014 by the consulting firm RTI International and the survey research firm GfK Research for the US Department [...]