To watch the video webcast recording, go to
http://www.ustream.tv/channel/urban-institute-events.
(No registration necessary.)
A conversation with
- Robyn Stone, author of Long-Term Care for the Elderly and senior vice president for research, LeadingAge
- Len Fishman, CEO of Hebrew Senior Life, Boston, MA
- Joshua Wiener, director, RTI International’s Program on Aging, Disability, and Long-Term Care
- Howard Gleckman, resident fellow, Urban Institute and author of Caring for Our Parents (moderator)
With the CLASS Act dead, the 7 in 10 seniors who will eventually need help with eating, dressing, or bathing, and their unpaid family caregivers are wondering where they can go from here. Many relatives of the aging struggle to balance their elder care duties with employment and other family responsibilities. The care they provide equates to $375 billion a year.
Nursing home care averages about $75,000 per year (and much more in certain parts of the country), while home health aides cost about $21 per hour. Options for financing long-term care are limited. Medicare covers long-term care only under certain conditions and for only a limited time. Only 12 percent of adults age 65 or older have private insurance. As a result, many families pay out of pocket until they exhaust their resources and turn to Medicaid.
Panelists will discuss
- how the country can deliver and finance long-term care for its rapidly aging population,
- what role providers will play as Medicare and Medicaid payments are cut,
- how communities can help elderly or disabled neighbors, and
- how to better prepare the long-term care workforce and how to pay for it.
Resources:
- Bios
At the Urban Institute
2100 M Street N.W., 5th Floor, Washington, D.C.
Breakfast will be provided at 8:30 a.m. The forum begins promptly at 9:00.
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