10,000 Baby Boomers turn 65 every day- a trend that will continue for the next 15 years
It’s Time to Talk About Long-Term Care
(Dubois, Wyo.) – It’s the thing we all think about, but don’t want to talk about. If disability, illness, or old age leaves a loved one or ourselves unable to live independently, where will we find care? November is Long-Term-Care Awareness Month, which provides the perfect opportunity to share ideas for extended care with family members over the holiday season.
With advances in technology and health care people are living longer than ever before. About 10,000 Baby Boomers turn 65 every day- a trend that will continue for the next 15 years. Of people 65 and older, 70 percent will likely need long-term care. It’s likely you and individuals that you love are going to need care one day.
It’s not too early to start planning, whether for yourself, or friends and family members. As you start thinking about long-term care here is an easy list of things to consider.
• What are your values and beliefs?
• What do you want for yourself?
• Do you know what your loved one’s desire is down the road if they need long-term care?
• Who do you want as the decision maker?
Talking about long-term care is important for adults of all ages. It might feel uncomfortable to share your vision, but sometimes talking about what you want will inspire others to make their own plan. And thinking about long-term care isn’t just about how you would like to live. It might also include your role in caring for loved ones.
Caregiving for a loved one is a loving gift, but it can also take a physical, emotional and financial toll. It can be stressful, sad and sometimes riddled with conflict in navigating family dynamics and making sure your loved-one’s wishes are carried out as they asked.
About 20 percent of people need care for longer than five years. The good news is there are options.
Often long-term care is provided at home either by a family member or friend or a nurse, home health aide or therapist who visits regularly.
There are even more options for care outside the home, including assisted living and nursing homes and continuing care retirement communities.
Assisted living communities, like Warm Valley Lodge in Dubois, provide help with daily life and chores like laundry and housekeeping. But not all assisted living facilities are equal. At licensed facilities like Warm Valley Lodge, licensed nurses can manage and assist with medications, as well as conduct monthly wellness check–ups and foot-care. Yet residents maintain independence.
Nursing homes, also called long-term care facilities, provide the highest level of care by licensed nurses. Residents are chronically ill or unable to perform daily life routines independently.
Many people transition as their care needs increase, starting with staying in their home and then moving to an assisted living center before going to a nursing home.
Whichever path you go down, you need to do a little planning.
Calculating what you will need : The average cost in the U.S. for a semi-private room in a nursing home was $87,000 a year, according to the 2014 Genworth Cost of Care Survey. The average assisted living cost was $42,000. Warm Valley Lodge costs less than most assisted living communities.
Most people underestimate how much money they spend on food and miscellaneous expenses while living at home. Mentally we simply add up rent or mortgages and utilities and come up with an inaccurate figure.
Home health aides average hourly fee in 2014, nationwide, is $20 and different state averages range from $15-$26. The average hourly amount paid for non-medical home care is $19 with the state averages ranging from $14-$25.
Take a moment and look at Warm Valley Lodge’s Comparison Chart and compare what it really costs each month to stay at home to what Warm Valley Lodge provides for its fee, where almost everything is included. It will likely surprise you.
You might also be surprised at who pays for what. You’ll have to pay for long-term care services that are not covered by a public or private insurance program so it’s important to plan ahead. Here’s what you need to know when navigating insurance and public program.
• Only pays for long-term care if you require skilled services or rehabilitative care.
• The maximum nursing home stay is 100 days, but the average Medicare covered stay is only 22 days.
• Medicare generally only covers home health and in-home services for a short period of time.
• It does not cover non-skilled assistance like daily living activities such as bathing, dressing and eating, which make up the majority of long-term care services.
• Does pay for the largest share of long-term care services, but to qualify, your income must be below a certain level and you must meet minimum state eligibility requirements. These requirements are based on the amount of assistance you need with daily life activities.
Other federal programs
• Other federal programs such as the Older Americans Act and the Department of Veterans Affairs pay for long-term care services, but only for specific populations and in certain circumstances.
• Most employer-sponsored or private health insurance, including health insurance
plans, cover only the same kinds of limited services as Medicare.
• If they do cover long-term care, it is typically only for skilled, short-term, medically necessary care.
Private payment options
There are an increasing number of private payment options including:
• Long-term care insurance
• Reverse mortgages
• Life Insurance
Veteran’s pension is a needs-based benefit paid to wartime veterans who meet certain age or non-service connected disability requirements. Survivor’s pension is a needs-based benefit that may be paid to surviving spouses of wartime veterans.
Warm Valley Lodge is here to help as you contemplate your loved one’s or your long-term care needs. Nestled near the mountains in Dubois, Wyoming’s newest assisted living community offers the services that emphasize “life” and “care.” Warm Valley Lodge is a licensed facility with a licensed staff and offers 24-hour medical assistance.
It provides organized activities and outings, while nurturing residents’ independence with private apartment-like facilities where family and friends can visit. Check it out. We think you will be happy that you did.
Please contact Warm Valley Lodge to learn more, schedule a tour or to get a brochure:
Visit us on Facebook: Warm Valley Lodge
Warm Valley Lodge Assisted Living
5643 U.S. Hwy. 26
Dubois, WY 82513