Who will need long term care services in the future? 52% of elderly

A report LONG-TERM SERVICES AND SUPPORTS FOR OLDER AMERICANS: RISKS AND FINANCING by the office of HHS OFFICE OF THE ASSISTANT SECRETARY FOR PLANNING AND EVALUATION OFFICE OF DISABILITY, AGING AND LONG-TERM CARE POLICY date February 2016 states:

Most Americans underestimate the risk of developing a disability and needing long-term services and supports (LTSS). Using microsimulation modeling, we estimate that about half (52%) of Americans turning 65 today will develop a disability serious enough to require LTSS, although most will need assistance for less than two years. About one in seven adults, however, will have a disability for more than five years. On average, an American turning 65 today will incur $138,000 in future LTSS costs, which could be financed by setting aside $70,000 today. Families will pay about half of the costs themselves out-of-pocket, with the rest covered by public programs and private insurance. While most people with LTSS needs will spend relatively little on their care, about one in six (17%) will spend at least $100,000 out-of-pocket for future LTSS.

For a copy of the full report: study-on-projections-of-ltc-urban

Health Indicators of Elderly 2016

Older Americans 2016: Key Indicators of Well-Being is one in a series of periodic reports to the Nation on the condition of older adults in the United States. In this report, 41 indicators depict the well-being of older Americans in the areas of Population, Economics, Health Status, Health Risks and Behaviors, Health Care, and Environment. This year’s report also includes a special feature on informal caregiving. Selected highlights from each section of the report follow.

In 2014, about 1.2 million people age 65 and over were residents of nursing homes. Nearly 780,000 people of that age lived in residential care communities such as assisted living facilities. In both settings, people age 85 and over were the largest age group among residents.

While the number of hospital stays remained fairly stable from 1992 to 2013, the average length of stay in the hospital decreased steadily over time. In 1992, the average length of stay in the hospital for a Medicare beneficiary was 8.4 days; by 2013 the average length of stay had decreased to 5.3 days (Indicator 29: Use of Health Care Services).

Here is the report: older-americans-2016

Elderly Kansan’s deserve better

Recent actions by our Kansas Governor and legislators to reduce funding by $2.8 million resulting in a 30% decrease for home care services for elders will be harmful. Here is a real life example- take a 78 year old widowed grandmother living on social security in a small home. She needs help managing her medications, assistance with bathing and preparing meals. She used to receive services each month to help her with these activities. Now if she needs help? TOUGH LUCK. Just get by and when she gets more frail she can then go to the nursing home…….NOW WE WILL PAY YOUR BILL. Actions by our Governor and legislators speak louder than words…Funding for seniors is being reduced 30%. Compare this 30% reduction to these state agencies that received less than 1% budget reduction: KS Department of Commerce, $89 million budget reduced by $455,000, Department of Administration budget $120 million, reduced by $376,000, Office of the Governor budget $28 million, reduced by $125,000. What is wrong with this picture? Small businesses like mine have had state taxes cut to the tune of $738 million annually. Funding for seniors is cut by $2.8 million. Thanks Grandma for the tax break. Winston Churchill once said “”Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.” Governor and Legislators: SIT DOWN and LISTEN to what the people are saying. People of Kansas STAND UP AND SPEAK. AARP of Kansas: STAND UP AND SPEAK. Senior Centers: Circulate a petition, STAND UP AND SPEAK. Sons, daughters, grandchildren, STAND UP AND SPEAK. Call or email the Governor and your legislator to restore funding. Let’s find a solution. Honor thy father and thy mother should mean more than just words in Kansas.

Grace Team. Helping you lead.