When I suddenly become a full-time care of my elderly parents with health problems and begin to develop dementia (namely Alzheimer's disease), I have never heard of the long-term care insurance. We burned their life savings, and then began to cut away in the mines, I was told to apply for financial assistance for them through the government's health care system - the poverty level program. This is quite a lengthy process of paperwork and numerous investigations Confucius, but finally approved my parents.
Currency will ultimately help the way I am very happy, until I found that financial aid will be paid only to my parents in a nursing home rather than in assisted living and even, with very little help, in order to maintain their own home.
Take care of their level so different (my mother for her to do most things), no facilities, so that they together. In different wings of the home, they are opposite from each other on the street. Married fifty-five years later, my parents are firmly want in their own bed, where they can continue to embrace and kiss, is together in their own homes - because they are so frequent. And because my father is a terrible temper and manipulation of disruptive behavior for a long record of "difficult", the families do not have any case against him.
This is challenging, but I am committed to remain in their own home, my parents and to participate in the Adult Day Health Care five days a week. Then, with the help of two wonderful nurses, after four to each other in love for many years - by just a few months apart. Take care of my parents in the past few years, every aspect is the hardest thing I ever did - and I am proud to say, I gave them the best life is over I may be able to.
I only know that to adhere to before they buy long-term care insurance of their condition - their many years of home care has been paid, I was able to save their own so much heartache, not to mention the small fortune. I encourage you to study the long-term care insurance from a long time ago, my mistake, see if you need it - for your loved ones, as well as their own. Fire insurance, I hope you never have to use it.
In addition, please call your local region of aging power of attorney, or aging of the Department, and asked whether there was any financial plan in your area, you can apply for a waiver or subsidy.
Startling statistics
It is estimated that 4.5 to 5 million Americans have Alzheimer's disease. In the Gallup poll, 10 Americans said they have Alzheimer's disease, in 31 family members are aware of the disease.
· Age is a risk factor for Alzheimer's disease. More than 65 years of age and 10 individuals, nearly half over 85 are affected. Rare hereditary form of Alzheimer's disease, individuals can even be achieved in the 1930s and 1940s.
With Alzheimer's disease will live for eight years an average of up to 20 years or more, from the first onset of symptoms.
· More than 10 people with Alzheimer's disease live at home, family and friends provide 80 percent of the care. Informal care estimated value of $ 25.7 billion.
Half of the U.S. population, there is a chronic disease. More than a quarter of the adult population (26.6%) for the care, long-term illness, disability or elderly family member or friend, translated more than 50 million people.
37% of caregivers living in the same family, they care about. 54% are 35-64 years old. Whether it is 59% of the adult population, or is expected to be a family caregiver will need $ 20,000 more carers in the next 20 years.
It is estimated that 43 percent of Americans aged 65 years of age or over 65 years time will be spent in a nursing home. By 2012, 75 percent of Americans over the age of 65 will need long-term care. The long-term medical cost increase of 6% per annum.
Care of Alzheimer's disease in the United States at an annual cost of at least $ 100 000 000 000, will soar to the middle of this century at least $ 37.5 billion, overwhelming our health care system and bankrupt Medicare and Medicaid.
Alzheimer's disease costs $ 6.1 billion U.S. dollars a year, which is ranked the top 10 Fortune 500 companies net profit equivalent to U.S. business. Amounted to $ 24.6 billion, including dementia care, the cover was $ 36.5 billion, the individuals with Alzheimer's disease, including lost productivity, absenteeism and worker replacement cost of caregivers.
Three ways to pay for long-term care
A. In home care and assisted living / nursing homes, pocket and pulled out a payment. This is expensive, and can often deplete a family's life savings.
Two. Meet the qualifications of a very special level of poverty and government assistance through the Medicaid program. Unfortunately, the choice is limited, and only pay for the nursing home for medical treatment.
3. Buy a comprehensive long-term care insurance policy. Of care requires sufficient time to take care of the rising costs, protect your family assets. Employer-paid premiums are tax deductible. Consider buying it at a young age, when more affordable and convenient. It must be purchased before the major disease strikes. Health insurance and regular medical insurance does not pay for long-term care. Require long-term care, the average cost is $ 40 - $ 70,000 per year, depending on where you live, together with the family to take care of those costs, they may have to leave their jobs.
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