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?