MetLife Releases National Survey of Nursing Home and Assisted Living Costs

MetLife Mature Market Institute® this week released their annual MetLife Market Survey of Nursing Home and Assisted Living Costs.  For those of you who’ve read our Assisted Living Family Attitudes and Preparedness Survey, you’ll recall that affordability and financing were two of the main concerns to our respondents.

MetLife always does a great job of illuminating arguably the scariest part of elder care — affording it.

Below are some facts from the 2008 report that I think you’ll find interesting:

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Understanding Residency Agreements, Part 3 – Fees, Core Services and Meals

The purpose of the Understanding Residency Agreements series is to provide you with a working knowledge of the contract you’ll likely face should you choose assisted living for your loved one. The contract we’ll use as an example is from a major corporate assisted living company.  Many of these contracts can be found by searching Google, but I believe this agreement serves as good example.

In Part 1 and Part 2 of the series, we covered some of the basics of an assisted living residency agreement.

This post will discuss fees, core services and meals.

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Reducing Your Risk of Nursing Home Admission

I ran across an interesting article on reducing your risk of nursing home admission at the University of Kentucky’s HEEL website.  Here’s the summary:

In the current HEALTHBeat newsletter, Harvard reports that 20-year nationwide survey of people ages 45 to 74 identified five health problems that substantially boost the risk of admission to a nursing home: smoking, inactivity, obesity, diabetes, and high blood pressure. Over time, these problems contribute to many chronic illnesses that can cause disability and death, including heart disease, stroke, osteoporosis, and certain cancers.

Reader Q&A: When Do People Start Looking for Assisted Living?

Jean is one of our readers who sent me a message on LinkedIn.  It’s a question about which I’m asked quite often, so I wanted to share it with the entire readership.

Ryan, thank you for the free material. I learned a great deal, very interesting report! Another question:I am curious, when do people start looking for a place for their parents? at the time of crisis? or is there a process that Baby Boomers are aware of, thus take an initiative early on?

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Four Ways a Long-Distance Family Member Can Be An Effective Caregiver

Proximity is just one of the considerations that families take into account when it comes to choosing an assisted living community for an elderly loved one. In fact, in our recent Assisted Living Family Attitudes and Preparedness Report, 77% of respondents said that proximity to their home is among their top three considerations. And subsequently, a corresponding number will choose a facility within 25 miles of their home.

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Five Ways to Facilitate a Pre-Admission Assessment

By state law and by most assisted living (AL) residential community regulations, all applicants for a residential slot in an AL community have to undergo a pre-admission assessment not more than 30 days prior to moving in. This is a medical check-up to be performed by the residents own physician or one that works with the AL community.

1. Explain the purpose of the assessment

The purpose of the pre-admission assessment is to get a picture of the current state of health of the resident. This will help the community prepare for the transition of the resident as well as to prepare for his or her likeliest needs.

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More Elderly Parents Living With Adult Children

There was a very interesting article on MSNBC this weekend. While there is much discussion about the pros and cons of assisted living versus home care, one rarely hears about children who have taken their parents’ care into their homes.  This article adds color to that discussion.

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House Calls or Office Visit: Three Things to Ask Yourself

Traditionally, it was thought that insurers like Medicare required that the patient be unable to leave home to qualify for house calls covered by medical insurance. However, clarifications of policies have opened the option of home health care to other patients who would likewise benefit from house calls by a doctor or nurse practitioner.

Home care will not be appropriate for all patients, though. How would you know whether a house call or a traditional office consult with the doctor is right for you? Ask yourself the following questions before you set your next medical appointment. Time, energy, and money could well be saved by picking the better option for you.

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AARP Presidential Interviews

The race for the presidency is in full swing, and it seems you can’t live ten minutes without seeing or hearing a political commercial. As with many recent elections, seniors expect to play an influential role in choosing the next President of the United States. And with Boomers continuing to age, the impact of the presidential election will undoubtedly be felt in assisted living and other public policy decisions for many years.

While sharing my candidate preference adds no value to the goals of this blog, it does make sense to share two interesting interviews found in the current AARP Bulletin.

In these interviews, AARP had the chance to speak with Sens. John McCain and Barack Obama about health care, Social Security, retirement plans, and taxes.

Read the interviews.