People age along a continuum, which necessitates the need for life care management services. They begin needing help with the instrumental activities of daily living, such as taking care of household activities, paying bills, shopping and similar things.
As they age, the elder progresses to needing help with activities of daily living, such as bathing, transferring, walking and feeding themselves.
For those needing help with either ADLs or IADLs, the Kabb Law Firm has been a premier concierge law firm geared to helping those elders and their families with decision making about care, legal documents and planning to obtain valuable public benefit programs like Medicare, Medicaid and veterans’ benefits to supplement their modest private means.
Life Care Planning Services
There are 10,000 baby boomers turning 65 every day in the US.
This trend is expected to continue for the next 19 years according to Pew.
According to Pew, while there is currently 13 percent Americans over age 65, by 2030, there will be 18 percent.
While it is difficult to determine exact statistics for Northeast Ohio, according to the US Census for the Cleveland-Akron Canton, Ohio Combined statistical area, there are 3.51 million residents of this area. That means that by 2030 there will be 632,000 people age 65 and over in the Cleveland-Akron Canton Area alone in the 65+ age group. Of those baby boomers, two-thirds of Medicare recipients, according to CMS have two or more chronic conditions, with 14 percent having six or more chronic conditions. If you fall into this category, our lifecare planning for baby boomers can help you.
Care Planning With Chronic Conditions
When people have multiple chronic conditions, they are more likely to have medical interventions. According to the CMS website, of those who only have two to three chronic conditions, 7 percent will have at least one post-acute care visit, and of those with four to five chronic conditions, 19 percent will have at least one post-acute care visit. This increases to 49 percent for those with more than six chronic conditions. What that means is that even younger relatively healthy seniors will need care coordination and may have at least some type of scare that results in a need to plan for their financial future.
The changes to Medicare lead to scarcity of resources, which lead to shorter hospital stays and therefore increased coordination between doctors and accountable care organizations (ACO).
Care Planning for Women
Female caregivers are particularly at risk of aging alone. Women can often be less informed about their finances and legal planning than their husbands. They may also better at caring for others than caring for themselves. Those who are also many times divorced and remarried in blended families, often with absent children are particularly at risk. Planning for this group is particularly critical.