Long Term Care Insurance Companies
Monthly Archives: October 2011
According to a brief by the Kaiser Family Foundation, six percent of Medicaid enrollees account for nearly half of Medicaid’s spending. The average long term care beneficiary costs Medicaid over $43,000 a year. READ MORE: States have a Medicaid problem. Medicaid has a long-term care problem.
U.S. long-term health-care costs rose as much as 5.6 percent this year, led by assisted-living expenses, and are climbing at a steeper rate during a weak economy. READ MORE: Long-Term Care Costs Rise at Faster Pace, MetLife Says
Long-term care insurance for the masses came and went without much notice when the Obama administration quietly abandoned the CLASS Act. READ MORE: The Tragic Bungling of a Class Act
The demise of the Class Act leaves many Americans struggling to cope with rising expenses for long-term care for family members. READ MORE: The Crisis in Long-Term Care
Polls show that many people believe that Medicare, the federal health program for those 65 and older, pays for such care. Actually, Medicare stops paying nursing home bills after 100 days. READ MORE: Still No Relief in Sight for Long-Term Needs