Free

Long Term Care - Essay Example

Comments (0) Cite this document
Summary
Even if a person does not have any serious illness in his family history and stay in good health the risk to have the health problems at age of 65 and older is quite huge. The…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Long Term Care
Read TextPreview

Extract of sample "Long Term Care"

Long term care Anna Fihar Accordingly, to the physiological principles of the human body, our health changes with age. Even if a person does not haveany serious illness in his family history and stay in good health the risk to have the health problems at age of 65 and older is quite huge. The researchers from the Georgetown University and Pennsylvania State University stated that approximately 70% of people aged 65 and older required long term care. Many individuals start to think about long - term - care insurance at age of 60 as they start to have some health disorders. But, it is not that easy to get a long-term –care insurance so late, because the cost of insurance may be quite huge or insurers will reject applicant at age 60 for health reasons. Therefore, the best age to buy a long- term –care insurance is mid 50s. One of the reasons is that the price for insurance keeps growing from 3 to 4% each year. For example, a price for the long –term care insurance annually for a 55 year old man nowadays is approximately 1,032$. But, if he will wait until his 65s he will purchase insurance that will cost 2,770$ as it grows 5% per year. The other benefit of buying a long-term – care insurance at age 50s is that with time the risk of health problems increases. The insurers are quite strictly in writing their policies. The statistics from the American Association for Long Term Care Insurance shows that 25% of applicants at age of 60 to 69 were not offered an insurance cause of their health worsened. (American Association for Long-Term Care Insurance, 2014)
If the patient decided to purchase a long-term-insurance it is quite important to understand all terms and conditions of the insurance. The main features of the long-term- care insurance are:
Inflation protection. All long-term-care insurance must include a 5% compound per year to protect from the inflation. This is a quite important option as it helps to insure all benefits of insurance with the rising cost of living.
Alternative plan of care benefits. This option allowed insuring of all additional requirements of the patient. This feature helps for patients receiving alternative supplies or services that were not included in benefits booklet.
Benefit period. Accordingly, to the statistic from the US Department of Health and Human Services a person spends approximately 2.4 years in the nursing home. Therefore, patients are able to choose the duration of the benefit period accordingly to their health.
A daily benefit. This option allowed a person to decide how much of the covers you required on a daily basis.
Restoration of benefits. This feature helps to restore all benefits of the insurance for a specified period of time.( Long Term Care Options,2014)
Therefore, it is quite important and better to purchase a long-term –care insurance on time to save your health and your money. (The Wall Street Journal,2012)
References:
1. American Association for Long-Term Care Insurance.(2014). Whats The Best Age To Buy Long Term Care Insurance. American Association for Long-Term Care Insurance Online. Retrieved from http://www.aaltci.org/long-term-care-insurance/learning-center/best-age-to-buy-long-term-care-insurance.php/
2. Long Term Care Options.(2014) Long-Term Care Policy Features/Options. Long Term Care Options Online. Retrieved from https://www.ltcoptions.com/long-term-care-insurance/long-term-care-policy-features-options/
3. The Wall Street Journal. (2012). Should You Purchase Long-Term-Care Insurance? The Wall Street Journal Online. Retrieved from http://www.wsj.com/articles/SB10001424052702303425504577352031401783756 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Long Term Care Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Long Term Care Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/health-sciences-medicine/1680013-long-term-care
(Long Term Care Essay Example | Topics and Well Written Essays - 500 Words)
Long Term Care Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/health-sciences-medicine/1680013-long-term-care.
“Long Term Care Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/health-sciences-medicine/1680013-long-term-care.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Long Term Care

Long Term Care Insurance

...? LONG TERM CARE INSURANCE [Health Sciences and Medicine] OF THE COLLEGE Introduction The percentage of the populace made up of aged persons in the United States is anticipated to increase from 13 to 20 percent in the next few decades. The number of Americans aged 65 years and above will rise by 35% to 71 million, by 2030, encompassing of 20% of the US population. The repercussions of ageing population across US and other countries on health care expenditures is overwhelming since the elderly persons use health care services at a greater rate than the younger population. The expense of providing healthcare services is spraining government and family budgets, as costs soar due to rising pharmaceutical drug prices, provider services... and...
8 Pages(2000 words)Essay

Long-Term Care

...? LTC210-Introduction to Long Term Care Administration-Unit 3 Aedric Frechelle of the Explain why the long-term care field is now experiencing much more competition than was the case in the past. According to the Global Burden of Disease Study 2010 (GBD 2010), which was published on December 13, 2012, even though the life expectancy has increased for men and women worldwide by more than ten years, they spend more years living with injury and illness (Wang et al., 2012). The baby boomers are expected to keep that growth cycle going, most likely at faster rate, which is expanding the demand for services and is also heightening the...
8 Pages(2000 words)Essay

Long-Term Care

...Long-Term Care The current of the long-term care system of the United s has been brought about by the forces stemming from the combination of demographic, socio-economic and cultural factors and of the policy directions or choices that the government, both at the state and federal levels has chosen to follow in response to long-term care issues. Although long-term care is not limited to the elderly, as long-term care is also needed by anyone who need assistance in every day living as a...
6 Pages(1500 words)Essay

Long Term Care Insurance

...Long Term Care Insurance The percentage of the populace made up of aged persons in the United States is anticipated to increase from 13 to 20 percent in the next few decades. The number of Americans aged 65 years and above will rise by 35% to 71 million, by 2030, encompassing of 20% of the US population. The repercussions of ageing population across US and other countries on health care expenditures is overwhelming since the elderly persons use health care services at a greater rate than the younger population. The expense of providing healthcare services is spraining government and family budgets, as costs soar due to rising pharmaceutical drug prices,...
8 Pages(2000 words)Essay

Nursing

1 Pages(250 words)Assignment

Long-Term Care

...is important in health care, as it is in most other intimate personal relationships (Agrawal, Ehrbeck, Packard & Mango, 2005). The growing demand and the desire for more choices have fueled an increase in competition within the field of long-term care, which has created a need for more efficiency and effectiveness. Providers have been forced to enter into the world of public relations, marketing and business, which led to generating a whole industry specialized in health care. It has, at the educational level, led to development of graduate programs in business but with specialty in health administration. All this development happened with the purpose of...
12 Pages(3000 words)Essay

Long Term Care Facilities

... Long Term Care Facilities November The healthcare facilities’ quality of care maximization occurs when both clinical and satisfaction standards are achieved. Healthcare facility quality of care includes valuable dining experiences. Health care encompasses filling the patients’ mental and physical demands. Long term care facilities include setting the employees’ value-based dining experience standards. Ensuring Dining Practice Standards are met During the implementation of the quality dining experience to the residents of the long term care facility, management must ensure dining practice standards are met. First, management sets the dining experience employee standards. Food service standards include setting the centralized... to mingle...
2 Pages(500 words)Essay

Long Term Care Insurance

... Long Term Care Insurance Introduction Long Term Care insurance policies help many individuals to receive the expensive nursing homes and assisted living facilities. Long term insurance solves one of the biggest fears of Americans to spend all their life savings on expensive nursing costs and medical bills. However, insurance is a way through which Americans can cover their expenses at an old age. Most of the financial advisors would advice insurance policies yet the long term care insurance has received lesser popularity than expected. Only about 7...
4 Pages(1000 words)Essay

Long term care

...Courtyards at Pasadena Long-Term Care Facility Courtyards at Pasadena Long-Term Care Facility Introduction Long term care in the United States currently involve the provision of a wide range of medical, rehabilitation and support services intended to help meet the diverse needs of frail senior persons and patients with functional limitations due to chronic illnesses, physical or cognitive injuries and mental disabilities as well as other health related conditions. However, despite the existence of excellent long term care services across...
12 Pages(3000 words)Term Paper

Long term care

...al affiliation Introduction Long-term care facilities are facilities that provide specialized and professional care to people who are in need of assistance. A relatively good number of people need help on the basis of their lifestyle and the activities they do on daily basis. Long-term care facilities, therefore, provide services like rehabilitation and nursing care to people who need assistance. Long term care facilities also restore the health and psychological conditions of the individuals. Long-term...
1 Pages(250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Long Term Care for FREE!

Contact Us