The 1st Baby Boomers will turn 80 in just 5 years, making the new decade a tipping point in elder care
Share to linkedin... [+]As 2020 dawns, the US is about to reach a critical, historic tipping point in its need to care for frail older adults. And we are tragically unprepared.
To put it another way, Rich calculated that someone who dies between ages 65 and 74 will have a 50/50 chance of needing a high level of personal care. Of those who live to age 85, three-quarters will require such support before they die.Dementia is a dramatic example of how the prevalence of disease increases with age. Numbers vary from study to study, but
nearly three quarters of all claims are made by those aged 80 or above, and about 45 percent are filed by those 86 or older. Government is even less prepared. While Medicare does provide solid health insurance for older adults, it is just now beginning to create limited benefits for home-based long-term care. But they generally areThe two-thirds of older adults enrolled in traditional Medicare will receive no long-term care benefits.
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