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As The Population Of The Elderly Increases, So Does The Need For Quality Elder Care Information. That's Where We Come In. Welcome To ElderCares.net—A Free Information Resource That Will Answer All Your Questions About Elder Care. As
You Explore This Site, You'll Discover...
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5 Mistakes People Make While Choosing A Nursing Home |
How To Find Affordable Long Term Care Insurance |
How To Manage Medications For Your Loved Ones |
Assisted Living: Tips On How To Choose The Perfect Facility |
Everything You Must Know About Elder Care, Home Health Care, Assisted Living, Nursing Home, And Assisted Living Facilities.
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Nursing Home Secrets Revealed
The Secrets Nursing Homes Don't Want You To Know!
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Fit Over 40
Amazing Inspirational Anti-Aging, Health And Weight Loss E-Book.
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Long Term Care Insurance
Author: Tim Gorman
In the early 1980's Medicare started using a system called the diagnosed related group of guidelines for advance payments to hospitals. This has really given hospitals authority and incentive to discharge patients very soon after admission to the hospital. The hospital gets paid the same whether the patient is in 3 days or 6 days. So the hospital can make more money if they free up the bed space for the next patient. The problem this has caused is that nursing homes have become the recovery place for these patients that were not ready to go back to their homes. The problem with this is that Medicare only pays up to 21 days of skilled nursing care. Therefore, if a patient is not recovered after the 21 days in the nursing home, then the funds come out of the patients estate, provided they have one. Needless to say, it does not take long to eat up one's estate at the nursing home rates.
Insurance companies have just in the last decade recognized this problem and now are offering Long Term Care Insurance. The long term insurance rates vary by geological location, as well as state and local regulations. The premiums are costly, however, a person has to weigh out the advantages and disadvantages to purchasing long term care insurance.
Many people assume that their healthcare provider will cover long term care. Unfortunately Health care insurance covers medical bills, hospital bills and some prescriptions. They do not cover nursing home expenses. The same rule applies for Medicare. Medicare will pay for skilled nursing home care only for patients that are able to fully recover from their injuries or illnesses. Then the myth is that a person can always fall back on Medicaid, but Medicaid is for the people who fall under the low income guidelines and have little or no assets.
If a person can afford long term care insurance, it is highly recommended that they purchase it when they are young, as the rates are substantially lower.
About the Author
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers discount auto insurance, life and home insurance that you can research in your pajamas on his website.
Article Keywords:
Elder Care |
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A Quick Note
From The Publisher...
If you like the article above, you may be
interested in the following article which is also related to Elder Care...
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Elder Care Planning Guide |
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Q. When do you need a care facility? A. A residential care
facility should be taken into account when at least one of the
following circumstances happens:
- Your elderly relative requires and demands twenty four hour of
continuous care and attention. - Your elderly relative can not
anymore cope up with the activities of day-to-day living such as
eating, bathing, using the toilet, changing etc. - Your elderly
relative is more likely to have either physical or verbal
violent out burst and is a threat to himself and to others. -
Your elderly relative has wandered off from the safety of home.
- The caregiver's physical condition and welfare is harmfully
affected.
Q. What out of home choices for the elderly are available? A. A
variety of choices are available, and it is an important
decision, so choose wisely.
1. Residential care facility.
For the elderly that is no longer able to live alone however
does not require skilled nursing attention and care.... |
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Elder Care, Home Health Care News |
Hungarian Government Funds Major Research Project to Transform Care of Elderly Citizens; GE Healthcare to Lead $5.3M ... (Business Wire via Yahoo! Finance) CHALFONT ST GILES, United Kingdom & BUDAPEST, Hungary----A major new collaborative research programme to transform the care of elderly citizens was announced in Hungary today. A broad consortium of private and public sector organisations, led by GE Healthcare, a unit of General Electric Company , has secured HUF 895 million from the Hungarian government to research and develop new ways of ... Elder suicide risk persists in long-term care (Reuters via Yahoo! News) Suicide has not declined among elderly people living in long-term care facilities as it has among community-living elders, research hints. Integrating Adult Vaccines into Your Routine Care (Palatka Daily News) (ARA) - Every year, nearly 50,000 Americans, mostly adults, die from diseases that vaccination can prevent and millions more need to be hospitalized, get too sick to care for loved ones, like children or elderly parents, and are forced to miss work. Charge dropped in home care case (BBC News) A prosecution against four care home workers, charged with neglecting elderly residents, is stopped by a judge |
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