Some Major Misconceptions On Aging
Some Major Misconceptions On Aging. “A post from seniors.com is well worth reading so you can understand the how, the why, of how you most of us are going to fund our retirement. This review of our major misconceptions on aging contains information which may make you rethink your retirement thinking”
What Percentage of Americans Will Need Long-Term Care?
A Third Think They Will
Source: Long-Term Care Over an Uncertain Future (2006)
Two-Thirds Actually Will
It’s Time for a Senior Care Reality Check
Laura Mitchell
“Don’t wait until the crisis happens before putting on the seatbelt. Be proactive and enjoy the ride!”
Dr. Bill Thomas
“People who are not prepared get care that is chosen by someone else.”
Kathy Birkett
“The greatest consequence of not being fully prepared for experiencing a long term care need is becoming unable to live our elder years the way we want.”
American’s Have More Options Now Than Ever Before
“here the CareCallingNow team offer the American public an opportunity to assist their elderly. Automated calling system – for your peace of mind.
A low cost daily automated safety and wellness check-in call for seniors to ensure the elderly are okay”
Projected Care Choices of Those Needing Long Term Care
Source: Long-Term Care Over an Uncertain Future (2006)
Most Care Must Be Paid Out-of-Pocket
Over 72% of those needing long term care must use their own funds – that’s half of everyone in America. Of those that need care and have to pay for it out-of-pocket, average costs are over $25,000 (2015 dollars) over their lifetime.
Medicare Covers Little of the Costs
Medicare is projected to only cover 12% of the nation’s long term care costs
Few Qualify for Medicaid
Medicaid is projected to only cover 30% of the population
Most Haven’t Had Family Discussions
Over 75% of people have not discussed care options with their family
Sources: Long-Term Care Over an Uncertain Future (2006) , National Survey by Age Wave/Harris Interactive (2010)
Via:- http://www.seniorcare.com/featured/
misconception-on-aging/
If you have read through this article you realize it’s still the same today. A lot of experts are working daily to improve these misconceptions. Educate their fellow Americans. This will be ongoing struggle for funding to promote their cause.
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