Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

No Medicaid - Delaware Long Term Care Facilities

By Katherine Roberts Subscribe to RSS | December 6th 2011 | Views:
loading
 
  



State Medicaid programs have already restructured their eligibility guidelines in the first quarter of the year in compliance with the new rules of the Centers for Medicare & Medicaid Services. Despite this effort many Delawareans still wonder why very few Delaware long term care facilities accept new residents who are on Medicaid.

These residents are not to be blamed, though, as Delaware happens to be on the list of U.S. states with the most expensive long term care (LTC) facilities. Anybody who lives here can’t help but wish that the government would one day drop a sure-fire solution to their LTC predicament.

In the 2010 long term care study which Prudential performed, Delaware turned out to have the most expensive assisted living facilities what with an average cost of $63,000.

This year, Delaware’s assisted living facilities dropped 13.5% as shown on Genworth Financial’s 2011 Cost of Care Survey. Its average annual cost is $55,506 which is still as expensive as its neighboring mid-Atlantic states such as Maryland and New York.

Nursing homes in Delaware are continuously soaring, too. For a private room, a family has to fork out $89,972 while a semi-private room is $83,950.

Medicaid used to be the last resort of uninsured individuals but the said federal and state health insurance program had to cut down its LTC expenditures as it has exceeded the supposed budget for this type of health care service.

However working on reducing its expenses on LTC, Medicaid has never discontinued providing assistance via in-home care and assisted living facility.

Delaware Long Term Care for More Elderly People

Any individual who hopes to receive quality care someday or, perhaps, one which conforms to his standards has to construct a good plan and not rely merely on Medicaid. Delawareans have to monitor the cost of care in their area so that they are aware of what could possibly threaten their finances. LTC costs are projected to quadruple in 2030 so unless you are confident that you are financially equipped to pay out $359,888 every year for a nursing home, start planning.

Don’t count on your retirement savings as that won’t be sufficient for your needs. According to financial advisors, only those who are expecting to receive $1,000,000 upon retirement can take the cost of care lightly.

Right now, not many elderly folks in Delaware are ready to receive care because they don’t have enough funds yet. Many of them are considering Delaware Area Agencies on Aging, or the Senior Center Funding Formula which provides assistance to the Delaware General Assembly in their allocation of grant-in-aid (GIA) to various senior centers that cater to the health care needs of older residents.

With the projected elderly population of Delaware in 2020, though, it appears the funds that these senior centers are receiving won’t be enough to cover everybody’s needs.

If you’re in your 50s or early 60s you can still prepare for the expensive Delaware long term care. Check out all of your options such as reverses mortgage or better yet, consult a licensed LTCI agent so you would know if you still qualify for a policy.

Katherine Roberts - About Author:
Completelongtermcare.com provides helpful information regarding CLASS act and as well as free long term care quote that come from major carriers.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/no-medicaid-delaware-long-term-care-facilities.htm

Related Insurance Articles Subscribe to RSS

Taking care of finances in Debt Settlement
Published by Rajkumar Kaushal on May 19th 2012 | Finance
Debt settlement finance and financial in debt settlement have assisted a lot of people to save detai...
 
Achieve your goals with the long-term Strategic Planning and lead your company on the path of success
Published by Tommy Jackson on July 24th 2012 | Insurance
Once you enter the market with your own business firm, there are issues you need to tackle and probl...
 
Payday Loans are ideal for short term borrowing
Published by James Blee on June 18th 2012 | Finance
Payday loans application process tends to be short simple and quick to complete, especially online l...
 
Tradesman Tools Insurance to take care of your equipments
Published by Imar Insurance on November 30th 2011 | Insurance
A tradesman's tools are a vital part of his working life. No matter what sort of trade you happen to...
 
Take care with supplemental plans
Published by William Richards on June 2nd 2012 | Insurance
The supplemental Medicare plans are to be chosen in accordance to the financial status of the candid...
 
Online term insurance - Guide to choose the best one
Published by Chris Luke on April 16th 2012 | Insurance
In the Indian insurance segment, there are many kinds of term insurance policies that suit different...
 
Compare Cheap and Affordable nevada long term care insurance Quotes Online
Published by Kym Dicken on November 30th 2011 | Insurance
Long-term care insurance has become very popular in the United States and many other countries with ...
 
How to Pay for Long-term Care
Published by Adivol on March 20th 2012 | Insurance
Long-term care is provided in a variety of settings – for people of any age. Depending on your nee...
 
Buying term insurance online - a way to save premiums
Published by Chris Luke on April 26th 2012 | Insurance
Term insurance is a commonly purchased policy in current times as it is the most suitable plan that ...
 
Citibank customer care - Taking care of the customers
Published by Vikas Purohit on July 1st 2012 | Finance
Citibank Customer Care in Gurgaon takes care of all the problems faced by the Citibank account holde...
 
Motor care warranty Company failure creates worries for consumers
Published by Jack Paul on February 15th 2012 | Insurance
Financial watchdogs are going to investigate the failure of car insurance companies which has brough...
 
Buying Short-term Ohio Medical Insurance
Published by Tracy McManamon on December 26th 2011 | Insurance
Buying short-term Ohio medical insurance is one of the wisest options to consider when you are betwe...
 
Taking care of debt settlement
Published by Rajkumar Kaushal on May 12th 2012 | Finance
How do you choose good information on debt settlement bankruptcy in debt settlement? This is one que...
 
Business Accountant Brisbane: Best accountancy services to ensure long-term success
Published by Tommy Jackson on June 19th 2012 | Insurance
If you own an organization or a business firm, you will be aware of the problems you might face if y...
 
Payday Loans: short term quick cash for startling expenses
Published by Steve Kobzeff on April 14th 2012 | Finance
Payday Loans are short term hassle free Loans for all sorts of credit borrowers to help them with ca...
 
Medicare is supplemented for special care
Published by William Richards on June 2nd 2012 | Insurance
Medicare supplemental plans include the original plans of the Medicare with an extra benefit and fac...