Senior Care Options June 13 , 2017 - - PowerPoint PPT Presentation

Senior Care Options

June 13 , 2017

http://www.rivercitylabs.net/event/lunch-learn-startup-insurance-101/

Introduction

• Review Available Options
• Financial Impacts
• Statistics
• Things to remember
• Q & A

http://www.sintetia.com/logistica-en-un- pais-de-pymes-y-iii/

What are my options?

• Home Care
• Assisted Living
• Skilled Care
• Long Term Care
• Memory Care

Home Care

• Continue to live at home
• Daily lifestyle support

– ADL Assistance – Bathing, Dressing – Transportation – Care Management

• Companionship

Paid by private funds or long term care insurance

http://healthsciencetechnology.wikispaces.com/Home+Health+Nursing

Assisted Living

• Apartments
• 24 hour staff assistance
• Medication Management
• Care Coordination
• Personalized service plans

Paid by private funds or long term care insurance

http://autumnspromise.com/

Skilled Care

• Acute Injury / Illness

Rehabilitation

• Physical Therapy
• Occupational Therapy
• Speech Therapy

Medicare covers 100 days * Medicare Advantage

http://www.jupitermed.com/pavilion-subacute-rehabilitation

Long Term Care

• Care Management
• Medication Management
• Ongoing assistance with ADL’s

– Toileting – Bathing – Ambulation – Personal Hygiene Paid for by Private funds, long term care Insurance, Medicaid

http://www.calgaryherald.com/health/Facility+Living+Long+Term+Care/2902188/story.html

Memory Care

• Distinct form of long term

care

• Focused on needs of

dementia residents

• Innovative Environment

https://alinthenews.wordpress.com/2014/01/29/3049/

Financial Impact

• Medicaid

– Income and asset limits

• Personal Savings

– LTC can quickly exceed personal savings

• Long Term Care Insurance

– Premiums and coverage vary by policy

• Reverse Mortgage

– Type of equity loan for people 62+ to receive cash against the value of your home without selling

https://www.mycreditunion.gov/Pages/pocket-cents-long-term-care.aspx

Statistics

• 70% of people turning 65 will use some form of long term care
• Almost half are unsure how to plan for it
• 1 in 4 adults are unpaid caregivers
• 37% of caregivers had to quit their jobs or reduce hours to

provide care

Things to remember…

• Plan
• Talk
• Listen
• Involve

Your loved one!

When Choosing a Senior Care Partner

• Continuum of Care
• Resident-Centered Care
• Inter-Generational

Connections

• Spiritual Care
• Environmentally Responsible
• Innovative
• Values-Centered

Questions?