Long-term care is an all-inclusive term that refers to a variety of medical and everyday support services given over a continuous and long period of time. You may think that only older people need long-term care services, but that’s not true. Over 43% of people who need these services are below the age of 65. No matter the age, a person requiring long-term health care has many options depending on theirs, finances, and family support.
Permanent and Temporary Care
There are two types of long-term care - permanent and temporary.
Reasons for temporary long-term care that usually lasts weeks or months:
- Rehabilitation after a hospital stay or a surgical procedure
- To recover from an illness or injury
Reason for permanent long-term care that lasts months or years are:
- Permanent disability
- Chronic medical condition
- Chronic severe pain
- Need for help with everyday tasks and activities
- Cognitive impairment caused by dementia, Alzheimer’s, or brain injury
Reasons People Require Extended Care
Sometimes the need for long-term care is instant, like right after a car accident, heart attack, or a stroke. However, when a person gets frail during old age, or some illness or disability worsens, then also they may need it.
It can be difficult to tell who will need this service and for how long, but the following factors can increase the need for long-term care:
- Frailty during old age.
- Women tend to live longer, and the care they need is often twice of men.
- Single old individuals are more likely to need ongoing care.
- People who regularly consume a poor diet and lack of exercise are at a higher risk.
- Sometimes family history of health is also a governing factor.
Types of Available Long-Term Care Options
Most long-term health care services start at home. Someone in the family customarily provides this type of care, but over time home health aides are usually brought in to provide the care. It often includes services like personal care, nursing services, and housekeeping services.
Rehabilitation services may be performed at home or in a community-based location. However, in-home care may not be feasible, especially if the required medical services are intensive and ongoing.
Adult Day Care Centers
In this type of ongoing care, family caregivers are given a break during the day. Social activities, therapeutic services, meals, and other health care services are offered at a facility or a community-based location during the day as part or full-time service. At night the person is brought home when their needs are less and family caregivers may be available.
Adult Day Care Centers give the informal family caregivers the freedom to work, run errands, and take care of their other responsibilities while also taking a break from the caregiving, which can often be a highly demanding job. Family caregivers often face physical and emotional burdens in their role.
Assisted living facilities offer help with basic health care and activities of daily living (ADLs). The ADLs include bathing, dressing, toileting, and more.
The services include meal preparation, medication management, and housekeeping in a home-like arrangement. Social activities are an essential part of the community lifestyle. Typically, people will require additional care services as they get older.
The main aim of these communities is to promote independence and self-sufficiency. You can think of an assisted living facility as a middle road between skilled nursing homes and independent living.
Many luxurious assisted living communities are available that feel more like a vacation resort than a senior living facility.
Alzheimer's' care facilities for seniors are one example of memory care services. Some communities offer memory care and assisted living. However, the two are not synonymous and are quite different from each other.
The purpose of memory care is to offer ongoing assistance to people in need of vigilant care. Generally, it is the seniors suffering from conditions like Dementiaor Alzheimer's, both of which impair the person's ability to function properly.
Memory care services provide a structured environment for patients, and the routines are very structured. Round the clock supervision is given in a closed but secure environment.
Skilled nursing centers give 24/7 nursing care and assistance provided by skilled, trained, and licensed professionals. Individuals living in these facilities are often suffering from complex medical conditions and require a high-level of care and assistance.
Licensed nurses and doctors are available 24/7 on-site at all times. Other services include a 24/7 ambulance service to take the patient to the hospital in case of emergency.
Skilled nursing care centers are also suitable for people who need short-term care or long-term extended stays for rehabilitative days. Rehabilitative services to help people regain their lost ability and recover from surgery, injury, disease, or illness are provided on-site.
Costs of Long-Term Care
The cost of long-term care can vary based on what type of facility you pick as well as the location. Location is a huge factor in determining the cost. It can vary from state to state and city to city. While it is a natural assumption that living in a long-term care community is expensive, 'in-home long-term care' often becomes much more costly depending on the person's needs and how many hours of paid care is required.
To determine the exact cost, you can use a bunch of calculators online. Here's one for you. Of all, memory care facilities are the most expensive, but they are also the most comprehensive, given that you receive 24-hour supervised care.
In 2016, the average cost for a semi-private room in a nursing home was $6,800. For an assisted living facility, it was about $3,600. The cost of a private room in a nursing home was approximately $7700.
Today those costs are much higher.
How to Pay for Long-Term Care
Below are a few ways to finance your future long-term care situation:
- You can use your personal funds that include savings, income from stocks, and pension.
- Health insurance programs by the government like Medicaid will cover long-term care but require you to have little or no assets.
- Medicaredoes not cover long-term care, but it will cover a limited number of days of skilled facility care.
- Long-Term Care Insurance
- Veteran's benefits
- Accelerated Death Benefits
- Hybrid Long-Tern Care Plans (life/LTC and Annuity/LTC)
It is never too early or too late to start thinking about how you would address the costs and burdens that come with long-term care. The earlier you start planning gives you the most affordable options.
For many American families, affordable Long-Term Care Insurance is the planning solution for the future costs and burdens of aging. When there is no plan in place, the family goes into crisis mode. You can avoid a family crisis by putting an LTC policy in place, ideally in your 40s or 50s, when you have the most affordable options.
Affordable Long-Term Care Insurance will provide the guaranteed tax-free benefits you will need to access your choice of quality care either in-home or in a facility. There are several types of policies available; however, you will get to decide how you use your benefits when you need them.
The cost of long-term health care is expensive. By purchasing an LTC policy, you will be able to afford the quality care you deserve avoiding the dependence on family members.
LTC NEWS offers multiple tools and resources to help you research the financial costs and burdens of aging so you can find an affordable solution.
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One of the best tools is the LTC NEWS Cost of Care Calculator. You can find the current and future costs of long-term health care where you live. This information will help you design an appropriate LTC Insurance policy.
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