Alabama long term care costs are not as high as what other U.S. states are currently experiencing. Despite this fact, its residents are constantly reminded to approach their long term care (LTC) needs proactively to avoid failing into the financial hole in the future.
Out of Alabama’s total population, which is about 4.8 million, 13.8% is comprised of senior citizens aged 65 years old and older. In less than 20 years, the state’s population for this particular age group is expected to double and exceed 1.2 million, and thus, explaining the reason behind the quadrupling of LTC costs that is expected to happen around the same time.
Families who are at present dealing with the LTC needs of a loved one, spend roughly $128 every day or $36,608 annually for the services of a home health aide. Like most residents in the country, Alabamans prefer to receive care in their own homes than to enter a nursing facility.
Although in-home care is being encouraged by the Alabama state government, it does not follow that everyone should rely solely on the state’s health insurance programs when the time comes that they would need care.
People should not forget that Medicaid pays for the medical services that the poor acquires so suffice it to say that this federal and state health insurance program should be preserved for their LTC needs, as well.
Unfortunately, many people continue to take LTC as a trivial matter because they want to convince themselves that they will not need it. If they wind up needing it, they believe that the government will not abandon them.
Who Shall Be Spared from Alabama Long Term Care Costs?
Only individuals who are not living in Alabama or who have no plans of retiring in this state shall be spared from its LTC costs. Then again, they are bound to face the LTC figures in their state of residence or the country in which they live.
Everybody other than those mentioned earlier will need years of care sooner or later due to a chronic illness, disability, or infirmity. Without a definite plan, though, it would be impossible to avail of quality LTC services because these usually come in five figures or more. Only the affluent in society can afford to pay the annual cost of care out-of-pocket.
Any middle-class American who uses his nest egg to foot his nursing home bill or expenses incurred from home or community-based care has the likelihood of facing an…