California Partnership for Long-Term Care

Have you checked in with 5 older adults in your community today? Help us #StayConnected by fighting isolation. #StayHomeSaveLivesCheckIn More info @ engageCA.org

Do you have questions regarding how the econmic impact payments (EIP) coming from the federal government per the Coronavirus Aid Relief and Economic Recovery (CARES) Act will affect people's eligibility for Medi-Cal? Read more in the article below. Contact your local Health Insurance Counseling and Advocacy Program (HICAP) if you, or someone you know, encounters any problems with your Medi-Cal redetermination due to the stimulus payment. https://cahealthadvocates.org/hicap/

"Imagine the disappointment you’d feel when you realize that the very things you were trying to prevent when you bought your LTC policyneeding to move in with your son or daughter, or selling your family homeyou’ll have to do anyway, because you don’t have enough saved to hire a home health aide or someone to take you out grocery shopping."

"The burden of care for aging relatives is reshaping the lives of millions of others. About 15 percent of women and 13 percent of men 25 to 54 years old spend time caring for an older relative, according to the Labor Department. Among those 55 to 64, the share rises to one in five Americans. And 20 percent of these caregivers also have children at home."

Something to think about this Labor Day: 28 percent of stable, longtime employees sustain at least one damaging layoff by their employers between turning 50 and leaving work for retirement.

"Medicaid is already the biggest line item in most states' budgets so as the need for long-term care grows, it will cost seniors, families, states and the federal government all at the same time."

America’s federal programs have not kept pace with this enormous demographic shift. With a few minor exceptions, Medicare does not pay for long-term-care services. Medicaid offers limited benefits but is available only to the very poor. The private market also has not been able to fill the void, as 7 percent of costs in the long-term-care market are covered by private long-term insurers. The United States is projected to have 7.8 million job openings for care workers by the m...iddle of the next decade, making it among the fastest-growing professions in the country, with millions of new openings created by higher demand; millions of care workers retiring; and millions more finding new professions, according to the Paraprofessional Healthcare Institute, an advocacy organization. The total cost of caring for America’s elderly will double from $2.8 trillion to $5.6 trillion by 2047, a report by the consulting firm PwC found.

Everyone needs a plan. Everyone approaching retirement age should consider their potential risks and have a plan to deal with long-term care expenses, financial planners say. Half of people over 65 will incur long-term care costs and don’t expect Medicare to help.

People are living longer and having fewer kids, presenting new challenges and opportunities.