Trade Group Urges Long-Term Care Planning Discussions
More than three-quarters of adults ages 65 and older say they've talked with their children about their wills according to a study just released by the Pew Research Center. Two-thirds say they've talked about what to do if they can no longer make their own medical decisions, the study found. "One of the subjects aging parents still fail to discuss with their adult children is long-term care," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance, the national industry trade organization. "Failure to do so costs families lost money and increased stress." The Pew study reflected that it is the parent who generally initiates conversations regarding wills and health care instructions. Some 70 percent of older adults reported this to be the case
Categories: Long Term Care Tags: consumer, family, from-the-policy, Health, industry, insurance, research, survey, their-children
Study Examines Long-Term Care Insurance Claims
Some 180,000 individuals received benefits from their long-term care insurance protection according to a report issued by the American Association for Long-Term care Insurance, the industry trade group. "This is the first generation of Americans who are living into their eighties, nineties or even longer," states Jesse Slome, the organization's executive director. "It is also the first generation for whom long-term care insurance has really been available to pay for needed and costly care." The report examined claims for individuals who purchased coverage on an individual basis as compared to those who purchased through their employer. "An increasing number of large and small employers are offering employees long-term care insurance," Slome notes. Most employer-offered plans are voluntary with the employee benefiting from a group-purchasing discount
Categories: Long Term Care Tags: association, care-insurance, consumer, employee, Group, industry, insurance, jesse-slome, organization, policyholder, slome
Family Decision; Do You Really Need Long Term Care Insurance?
The change in the family demographics due to severe economic changes for the past decade has created an extensive need for Long Term Care. Rather than focusing on the need for Long Term Care and Long Term Care Insurance, let's focus on the changes within our families which is actually one of the key causes of needing Long Term Care Insurance. Let's go through the changes and the impact of economic conditions on our families: * Dual income families were created: Our family structure is not how it used to be. We do not have one bread-winner and one house-maker anymore. Most families have both of the spouses required to work to accommodate the needs of the families. Further more, younger children may even have to work to contribute to the family income
Categories: Long Term Care Tags: aging, assets, careers, children, country, economic, families, Health, lives, past, people, person, rise
Consumers Significantly Over-Estimate Cost Of Long-Term Care Insurance
A new report reveals that American consumers perceive costs for long-term care insurance are more than twice the actual cost of protection. The report from the American Association for Long-Term Care Insurance, the industry trade organization highlights the most commonly held misperceptions about long-term care insurance. According to the report, consumers also associate long-term care primarily with nursing home care. The prevailing misperception however is cost.
Categories: Long Term Care Tags: ages, consumer, cost, Health, industry, insurance, lowest, match-the-level, paid-as-little, price, protection, reduce-the-cost, report
Working Staves Off Alzheimer’s And Long-Term Care Needs
Working Staves Off Alzheimer's And Long-Term Care Needs A British study has concluded that working beyond normal retirement age appears to keep dementia and the need for costly long-term care at bay. Researchers examined medical records of men whose Alzheimer's symptoms emerged around age 75. They found that all other factors being equal, the symptoms were delayed about seven weeks for each extra year the men worked.
Categories: Long Term Care Tags: alzheimer, british, consumer, dementias, disease-creates, Health, insurance, jesse-slome, organization, seconds-someone, workforce, working-staves
Long Term Care And You
For a long time, many individuals believed that long term care solely meant nursing home care. Now, long term care has a broader meaning. It refers to a range of supportive medical, personal and social services for individuals who are not able to provide for their personal needs for a lengthy time period. This call-for-care might be due to an accident, sickness or frailness. Assistance may be required to move about, dressing, bathing, household cleaning, cooking, paying bills and taking medications.
Categories: Long Term Care Tags: Group, Health, living-at-home, personal, remain-at-home, selection, social-services
