Short-Term Care Insurance: An Alternative to the Long-Term Care Variety
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care ins...
Read moreFor older adults seeking long-term care services, finding the help they need can pose significant challenges. One major reason for this is a lack of available labor in this field. New bipartisan legislation may have an answer.
An ongoing, critical shortage of nursing home and assisted living workers – in part, made worse by the COVID-19 pandemic – often means that fewer facilities are accepting new residents. Understaffing is also plaguing home health aide and personal care agencies. Staffing shortages can prove even more severe for seniors in rural areas.
As a result, seniors in need of long-term care may find themselves waiting months or years for services.
Local Elder Law Attorneys in Your City
Workers in the senior living industry, home health care, and other direct care fields have their own obstacles. They often work for low hourly wages, lack important employee benefits, encounter a high level of on-the-job violence, and live below the poverty line. Burnout is high; the average nursing home in 2022 reported a turnover rate of more than 50 percent.
The lack of staff serving in this field may only worsen as 11,000 more Baby Boomers turn 65 with each passing day. You may assume you’ll be among the lucky ones who will not need long-term care. Yet data shows that most adults aged 65 or older – about 70 percent of them – will need this kind of assistance at some point in their later years.
More than 20 U.S. Senators from both sides of the aisle have come together to propose a bill seeking to remedy this shortage of long-term care staff nationwide. With the Long-Term Care Workforce Support Act, these lawmakers are looking to invest in the direct care labor force on numerous fronts.
“We need to invest in these workers,” U.S. Sen. Bob Casey (D-PA), the bill’s co-sponsor, said in a news release. “Not just to ensure that caregiving can be a sustainable, lifelong career, but to improve the quality and availability of care for all who need it.”
Among the proposed bill’s provisions are the following:
Dozens of organizations, including the National Coalition on Aging, Justice in Aging, and the National Alliance for Direct Support Professionals (NADSP) have endorsed the bill.
“We know that building a competent and stable workforce is a key lynchpin to the success of the Long-Term Supports and Services and the millions of Americans who rely on it,” Joe Macbeth, NADSP’s CEO and president, said in support of the bill.
However, not everyone is on board. “We don’t need the federal government forcing a one-size-fits-all approach,” U.S. Sen. Mike Braun (R-ID) said at a committee hearing in April.
Read the proposed bill in full.
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care ins...
Read moreMost long-term care involves assisting with basic personal needs rather than providing medical care.
Read moreAn attorney now in his ninth decade has compiled a detailed reference for anyone needing to learn about caring for the elderl...
Read morePrice and complexity are major deterrents to purchasing long-term care insurance, according to a new report . . .
Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MORELearn who qualifies for Medicare, what the program covers, all about Medicare Advantage, and how to supplement Medicare’s coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MORE