The Griffith Insurance Education Foundation INFORM+INSPIRE Long Term Care R. B. Drennan Temple University August 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

6 Long Term Care Thank you For more information contact: The Griffith Insurance Education Foundation 623 High Street Worthington, Ohio Phone: