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Some posters here are confusing medicaid (healthcare for the poor) with medicare (healthcare for seniors).
Quite different programs.
Not true at all. Medicare is for seniors but does not cover nursing home care etc that is where Medicaid kicks in after you use up all your resources. Senior health care can be a combination of both. A lot of seniors are going to be S out of luck and dying at home if they don't have long term or cash for a nursing home. For a number of us they are part of a continum of service for the aged.
While Medicaid was created mostly to provide medical care to low-income moms and their kids, two out of every three Medicaid dollars is spent on the elderly and disabled. Last year, the program spent one-third of its budget -- more than $100 billion federal dollars -- on long-term care, either in nursing facilities or in the community. States, which share the program's cost, spent tens of billions more.
Overall, Medicaid pays more than 40 percent of all long-term care costs. The advocacy group FamiliesUSA estimates that more than 6 million seniors and nearly 10 million younger people with disabilities rely on the program for assistance
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Seniors better be thinking down the road and preparing. Being prepared is out of reach for many.
According to the MetLife Market Survey of Nursing Home and Assisted Living Costs, the average cost in 2009 of a private bed in a nursing home facility is $219 per day, which computes to over $79,000 per year. For those patients who are in a semi-private room, the average cost is $191 per day, or about $70,000 annually
The above is 2009 data. Are you prepared? Medicaid cuts are on the table in this election and millions of seniors have no idea the consequences for them.
Seniors reading the articles about states and the maximum income to qualify for Medicaid? In some states it is $5,000. Watcha gonna do? Seemed fine til you find out that was going to be your lifeline at the end.
For Texas, the 2012 median costs are substantially lower than those you cite: $169 day/ $61503 annually for private, $130 day/ $47450 annually for semi-private.
That doesn't negate your point but just want to point out there are better sites than ehow for stats.
This data's from Genworth, which has comprehensive current data on nursing home costs. It breaks it down by state, and it will also project costs in future years.
I had it project those costs forward to 2032, but you don't wanna know the results.
The above is 2009 data. Are you prepared? Medicaid cuts are on the table in this election and millions of seniors have no idea the consequences for them.
Seniors reading the articles about states and the maximum income to qualify for Medicaid? In some states it is $5,000. Watcha gonna do? Seemed fine til you find out that was going to be your lifeline at the end.
For Texas, the 2012 median costs are substantially lower than those you cite: $169 day/ $61503 annually for private, $130 day/ $47450 annually for semi-private.
That doesn't negate your point but just want to point out there are better sites than ehow for stats.
This data's from Genworth, which has comprehensive current data on nursing home costs. It breaks it down by state, and it will also project costs in future years.
I had it project those costs forward to 2032, but you don't wanna know the results.
It varies by state and regions within states and quality of nursing homes I do know the future costs and how to deal with them.
It varies by state and regions within states and quality of nursing homes I do know the future costs and how to deal with them.
Sorry, I didn't mean to imply you personally aren't aware of future cost projections. What I should have said was ~ the numbers are so scary, I can't even make myself type them!
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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If I can't drag myself to Thailand for care; I will have to make OK do (it is one of the cheapest areas for eldercare in USA); Less than 1/2 my local rates.
I think the traditional 3 legs of the stool in the past 3-4 decades have been social security - home equity - and income from pensions/savings. Robyn
Actually IIRC they were Soc Sec - private pensions - personal savings/401k...
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the numbers are so scary, I can't even make myself type them!
