Long Term Care For Women
Long-term care for women covers a wide range of products and services, such as home care, hospice, medical equipment, and home-delivered meals. The vast majority of regular middle-class Americans are under-insured, which will leave them with financial issues related to health care.
Women have the largest issues. Why is that so? Nowadays, women live longer than men; they require lengthier care as they age.
Statistics show women constitute 75 percent of all residents in a nursing home age 65 and older. One study conducted by Medicare showed, approximately nine million men and women over 65 will need long-term care. And in the coming years, the number is expected to increase do to the baby boomers.
The U.S. Department of Health and Human Services data reveals that for seniors over 65 there is a 40 percent chance of entry into nursing homes will be needed, and a 10 percent of those admitted will stay five years or more.
According to AARP, women who are 65 years can expect to live 20 years more and those who reach age 75 can live for an additional 13 years. Thus, women face major challenges in being able to live with independence and dignity as they age. This simply implies with a longer life span, higher disability and chronic health problems, and lower incomes than men on average, many women will need long-term care.
The good news is that Medicare and Medicaid will provide the vast majority of these senior women with the care they require. Long term care insurance can supplement the cost and can protect assets if needed.
It makes sense to learn more about on long term care insurance and the latest programs available specifically for women. Also, better understand the tax advantages of long term care insurance. All of this homework should be done well in advance of turning 60 years old.
More: General health