A look at assistance with a person’s daily life functions.

Sharing information about the assistance a person can receive when they need help getting around after a change in health.  Why think about this? Because over 80% of us have a relative or know someone, who is now or has. This tells us the risk we also may need support is very high!

What types of support can be received?

The assistance to support a person with their day to day life functions such as eating, dressing, bathing, going to the toilet, or transferring say from a bed to a chair.

How often do people need these services?

       Some facts about assistance:

       • >  By age 75 – 70% or more of us will need assistance at some time! People 75 and older have 2 or 3 chronic conditions, on average, and some 10 or 12.

       • > By age 85 or older 20% are using support services.

      Some general points about assistance:

       • > Some develop because as we age and “parts wear out” and others because they have trouble with mental ability.

      • > People often think their health won’t deteriorate and will just die one day! That would be nice, however, no one knows if they will or won’t need assistance.

      • > 88% of people worry about having physical limitations.

      • > Advanced medical treatments & prescriptions have increased longevity to about age 79 (on average) in 2018. Living longer is great but it means the change a person will need assistance and for a longer period is much higher.

     • >A need for support can develop at any age; last for several months, such as after a stroke, or be permanent like the accident Christopher Reeves (Superman) had.

Where is this assistance received?

 • > About 80% is in a person’s home and it usually begins with family members being the caregivers. When professionals are used the support often starts with a Homemaker (often called a Companion) preparing meals and providing non-medical support.

 • > When hands-on assistance is needed a LPN or RN would come to the house.

aide

LPN providing services

Note: The 2018 American Association of Long Term Care Insurance study of new long term care claims found 52% started with Home services – 20% in Assisted Living – 28% in a Nursing home.

How much does this assistance cost? This special kind of support in Connecticut is some of the most expensive in the US. For example:

 • > Having a certified home health aide come to your home say for 4 days a week at six hours can be about $675. This could grow to over $5,500 a month in say 15 years.

 • > Assisted Living Facility rates can be $6,600 or more a month today in the Hartford, New London & Norwich area.
What to do?

It is difficult to think about an “unexpected” change in health and needing support. However, the old saying — “Life is what happens when you are making other plans” — is so so true today!

First — the risk help will be needed is very high so it’s important to think about:

 • > Do you want to stay at home?

 • > Do you have a pile of money to pay very expensive professionals or could family help pay?  Most people don’t so”Running out of money” is a very Big Concern for many.

Second —  Buy long term care insurance to meet your interest.

A person develops a need for assistance following a change of health so I believe calling this special coverage Long Term “Health” insurance is a better way to describle what it does. When you buy a plan the company creates a pool of funds, which can be accessed to hire professionals. Owning a Long Term “Health” insurance plan thus means:

 • > A Spouse/Family won’t be burdened with all the assistance.

 • > Children won’t have to change their work and life to come to help you!

 • > Your hard earned saving nest egg will be mostly protected.

 • > You will  — Be in Control of your living situation — be able to Maintain Dignitynot become a Burden on loved ones.

 

Do you live in Connecticut and have questions or want to learn more about Long Term “Health” insurance?  Call John C Parker, RHU, LTCP  —  (860) 739-0005