Tag: Long-term Care Presentation
Long-term Care Presentation
Long-term Care Presentation
Funding of long-term care involves analyzing various options to determine the most appropriate and sustainable method. Elderly people can experience diverse health complications that can undermine their health. Selecting the appropriate funding can improve access to quality, timely, and affordable care (Williams, 2017). The selection process depends on the available government programs, personal financial status, and private funding options. Medicaid is one of the options for long-term care funding (Vogel, 2002). The option is affected by various factors such as pressure on increasing healthcare expenditure. The pressure results in a lack of elaborate options to access quality and reliable care. Medicaid restricts access to healthcare services due to eligibility requirements.
Medicaid funding is unlike private funding that has no restrictions. Government funding of long-term care undermines can be restrictive since it may fail to accommodate every patient (Williams, 2017). Private funding is different from government funding since it can expensive and does not limit to healthcare services (Vogel, 2002). Individuals are required to make payments upfront or use their cards to facilitate payment. A majority of Americans rely on government funding, which leads to complications due to congestion.
Family assistance is an option for healthcare funding for long-term care. Family members are vital in taking care of the elderly (Vogel, 2002). Some relatives take in the sick person in their homes and provide care for them. Traditional beliefs in various ethnic groups indicate that taking care of the elderly is a source of blessings. The desire to take care of the elderly is an inherent tradition in society. The family takes care of the simple health issues that do not admission to the hospital. If a disease possesses a severe heath outcome, families can take their elderly people to the elderly care centers. Hospice is one of the options that involve the provision of care to individuals experiencing life-threatening diseases (Williams, 2017). Hospice centers are unlike the government funding option since they have lower costs and easy access.
Long-term care insurance is another option for long-term care funding. Individuals or families can take insurance premiums and start contributing (Ameriks et al., 2020). The insurance will mature or become effective according to the terms and conditions. Individuals have to contribute and be eligible for the service long-term care insurance is expensive compared to government, personal funding, and hospice centers (Vogel, 2002). Individuals should evaluate the options available and select the best according to their financial status. Planning is important to overcome the risk of suffering high financial burdens without prior planning.
Healthcare planning is an essential step to achieving sustainable and affordable care. Long-term care planning requires individuals to select the best available option depending on their financial status. Medicaid is one of the best options for middle and upper-class individuals. The reason is that it requires compliance with the eligibility requirements and a lack of a comprehensive care package. Private insurance packages are expensive and effective since they customize the services they offer to the clients according to their needs. People opt for family-based care when they cannot afford government or private funding. Elderly people can experience diverse health complications that can undermine their health. Selecting the appropriate funding can improve access to quality, timely, and affordable care. Selecting the best will reduce the mortality risks and improve the health of elderly people.
Ameriks, J., Briggs, J., Caplin, A., Shapiro, M. D., & Tonetti, C. (2020). Long-term-care utility and late-in-life saving. Journal of Political Economy, 128(6), 2375-2451.
Vogel, T. M. (2002). Private sector long-term care planning. Elder’s Advisor, 4, 1.
Williams, B. W. (2017). Leap of faith: Managed care and the privatization of Medicaid long-term care services. Loy. Consumer L. Rev., 30, 438.