Many people are frightened of long-term care costs — for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S. Department of Health and Human Services' Administration on Aging. Many will rely on unpaid care from spouses or children. However: — More than one-third will spend time in a nursing home, where the median annual cost of a private room is now over $100,000, according to insurer Genworth's 2018 Cost of Care Survey. — Four out of 10 will opt for paid care at home, and the median annual cost of a home health aide is over $50,000. — Overall, half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits. MEDICARE WON'T HELP Medicare and private health insurance … [Read more...] about Liz Weston: What will long-term care cost you?
Aged care costs explained
Kristen Jordan Shamus Detroit Free Press Published 9:00 AM EDT Apr 30, 2019 She had researched Alzheimer's disease and its effects on the brain for years, but it wasn't until her own mother's memory began to slip that Dr. Eva Feldman, a University of Michigan neurologist, truly grasped how devastating the disease is. Margherita Feldman was 88 when she moved in June 2017 to the memory care unit of an assisted living home in Saline. And although her memory loss wasn't as acute as some of the other residents, it's when the cruelty of the disease — now the sixth-leading cause of death in the United States — and the scope of the America's Alzheimer's crisis became clear to her daughter. "I learned more about dementia and Alzheimer’s disease spending lots of hours in that memory care unit than I did as a long-standing, practicing neurologist," said Dr. Feldman, who is the director of the University of Michigan's Program … [Read more...] about Alzheimer’s disease rates about to skyrocket as baby boomers age
By Susan Ellenberg | PUBLISHED: April 5, 2019 at 6:10 am | UPDATED: April 5, 2019 at 6:14 am The Mercury News’ Ed Clendaniel made a compelling case for the need for child care in his March 22 column, “A former stay-at-home dad makes a plea for child care.” He shared with us his experience as a stay-at-home dad and explained the need to invest in our child care system, including the people and infrastructure that ensure its success. I, too, was fortunate enough to be able to choose to be a stay-at-home parent. But I am not blind to the fact that so many of our residents in Santa Clara County cannot or choose not to make that choice. Under the best of circumstances, with abundant resources, raising children is challenging. So today, I want to respond to Clendaniel’s plea with my plan. On March 19, I directed the County Executive Staff to report to the Board of Supervisors on a work plan for implementation of onsite child care at one or more county facilities … [Read more...] about Opinion: Former stay-at-home mom answers plea for child care
Amy Goldstein, The Washington Post Published 9:04 pm PST, Wednesday, February 20, 2019 Aging baby boomers will consume an ever-larger share of the nation's health care spending over the coming decade, regardless of the success of Democrats running for president with ambitious plans to broaden Medicare. The number of people covered through Medicare - and spending on the federal insurance program for older and disabled Americans - is expected to grow more rapidly than private insurance or Medicaid, eating up a larger chunk of health spending, according to a yearly forecast of U.S. health care expenditures released Wednesday. The forecast also anticipates that without changes in federal policy, the share of Americans without health coverage will remain steady at about 10 percent, rising slightly by 2027, when 36 million people are expected to be uninsured. In addition, the projections anticipate that consumers will pay an escalating portion of their medical bills out of … [Read more...] about Medicare is driving health care spending as baby boomers age, study says
AUSTIN — Stephanie C. Quinn works year-round at New Braunfels ISD as a curriculum specialist, but after hours she consults for smaller districts as far away as the Panhandle and Gulf Coast. Her husband, an assistant principal, has started bar tending at music festivals in Austin. The couple needs the extra money to cover their soaring health insurance costs. Premiums for family coverage under the state-sponsored plan for Texas educators start at over $1,000 a month — roughly twice as much as a decade ago. To avoid that cost, Quinn and her husband split the family onto two insurance plans, but still face big bills. “It’s over $1,000 a month out of my pocket every month just for medical stuff, sometimes up to $1,500,” said Quinn, who has four children, ages 6 to 17. “We’re trying to offset that.” Texas educators, like Quinn, and local school districts are increasingly shouldering the burden of skyrocketing health care costs as the state has … [Read more...] about As health plan costs hit $1,000 a month, teachers take side jobs, delay care