This is the first of two blogs (today and tomorrow) on this important topic. I hope you find it helpful.
Two-thirds of seniors will need care at some point in their life and many have not planned for this likelihood. It is an emotional and unpleasant topic to broach, but helping those we serve to plan ahead empowers them. This two part series will focus on information necessary to assist our elderly loved ones in making decisions that will likely eventually affect them and their families.
According to the Centers for Disease Control, the average life expectancy at birth in the U.S. is projected to be approximately 79 years by 2015 and is projected to continue to rise. Someone already 55 years of age has a higher life expectancy of around 84 years. Since health declines as we age and we become more likely to need help with everyday activities, it is smart to consider what options will be available if and when assistance is needed. Thinking about these things now helps people avoid making bad decisions during more stressful times when health has already declined to the point of needing assistance.
There are several different levels of care available to elders as they age depending on their need for assistance. Each level of care may include a medical and health component, a personal care component and/or a social and recreational component.
The first, and least invasive, type of care is adult day care which costs, on average, $18,200 per year. These services may include medical and health services, social services or both. This is a supportive group environment for seniors with cognitive and/or functional impairments. These types of facilities are regulated differently in each state and are not federally regulated.
Home care is another type of assistance available to seniors. The national average cost for Home care is between $20,800 and $21,840 per year based on a $20-$21 per hour rate. Home care consists of either a home health aide or a companion/homemaker. This type of assistance allows the senior to “age in place” as an outside service comes into the home to help. Caregivers are hired through a variety of methods including agency, registry or private hire. Each state licenses and regulates its home care agency system except for Medicare-certified agencies, which must comply with Federal regulations.
The next level of care is an assisted living facility (ALF). The national average cost of staying in an ALF is $42,600. Depending upon the chosen level of care, an ALF may provide services ranging from care management, assistance with every day activities, housekeeping, medication management, security, transportation, meals and social and recreational activities. ALFs are governed by state standards and may include increased standards for communities with residents suffering from Alzheimer’s or other forms of dementia. ALFs may also have staff training requirements or disclosure requirements relating to these diseases. Medicaid, a federal program administered by the state that assists with long term care costs, may be available for residents of an ALF depending on current fiscal funding.
Finally, nursing homes are available to those who require the most assistance. The national average annual cost of nursing homes is $81,030 for a semi-private room or $90,520 for a private room. Nursing homes typically provide a secure environment and services to meet the physical, medical and social needs of their residents, such as: room and board; nursing care; medication management; personal care; and social and recreational activities. Many patients in nursing homes require assistance with multiple everyday activities (bathing, dressing, eating, toileting, transferring in and out of chairs or beds, and continence) and/or have cognitive limitations due to Alzheimer’s disease or another form of dementia. Nursing homes, like ALFs, are subject to state and federal regulations. Certain nursing homes accept patients who are qualified for Medicaid, which helps cover the costs of nursing home services.
Part II will be tomorrow's blog.
Statistics from: The 2012 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs, November 2012. www. Metlife.com