Monday, September 29, 2008

Elder Care

Be Informed; Be Prepared for the Long-Term:

Long-Term care is often an avoided or forgotten subject within families and if not properly planned for can be an emotional and financial roller coaster you definitely do not want to ride. Most health insurance policies do not cover the potentially life-altering medical costs for nursing homes, assisted living facilities or in-home care that most seniors 65 and over will need at some point in their lives. Medicaid can not be counted on until almost all of the senior’s financial resources have been exhausted thereby leaving bills that can easily amount to $300,000 in just a couple of years.

According to the American Association of Homes and Services for Aging (AAHSA):

-69% of people turning 65 today will need some form of long-term care.
-There are close to 96,000 full-time health care professional positions open in nursing homes; open positions are expected to jump to 810,000 by 2010.
-The average cost of a private room in a nursing home is $77,745/year; a semi-private room is $68,985/year.
-The average cost of a home companion caregiver is $19 per hour.

American Home Companions offers an alternative to nursing home care by bringing the caregiver into the seniors’ own home. Having a home companion makes life a lot less stressful on the elderly, (see Spotlight article inside). American Home Companions offers caregivers who provide in-home elder care for today’s aging seniors. American Home Companions’ guarantee of compatibility and broad breadth of services is sure to please any senior in need of extra care in the comfort of their own home.


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