The Griffith Insurance Education Foundation

INFORM+INSPIRE

Long Term Care

R. B. DrennanTemple UniversityAugust 20, 2011

What is Long-term Care?

Institutional or home care required by individuals for health reasons

Nursing homes, Hospice, Home health care workers

The number of people requiring LTC is increasing as the population ages

More women than men Estimate of ~40% of those age 65+ will require

LTC for 3 months or more (avg. stay is 3 years)

The Griffith Insurance Education Foundation

Issues with LTC

Decreased availability of informal care Dispursion of family, fewer children, more

dual career couples

Increasing costs Complexity of care, medical cost inflation,

rising labor costs, malpractice costs Home nursing care—AFAM

The Griffith Insurance Education Foundation

Nursing Home Cost Comparison

The Griffith Insurance Education Foundation

LTC Concerns

Pricing relative to costs Pressure on state Medicaid budgets Pressure on Medicare Emphasis on Personal Responsibility

Need additional public education

The Griffith Insurance Education Foundation

6The Griffith Insurance Education Foundation

Long Term Care

Thank you For more information contact:

The Griffith Insurance Education Foundation623 High StreetWorthington, Ohio 43085

Phone: 614-880-9870Email: info@griffithfoundation.org