1. The correct answer is False
88% of people who need long term care receive care at home or
in a community based setting such as an adult day care center.
12% receive care in a nursing home or other institutional facilities.
2. The correct answer is False
Most nursing home stays are short, recuperative stays. 10% of
the total nursing home population faces a stay of five years
or more.
3. The correct answer is False
Medicare provides few benefits for long term care services needed
by most people with Alzheimer's disease. Medicare provides reimbursement
for skilled nursing home care. Medicare pays nothing if the individual
requires only custodial care.
4. The correct answer is False
On average, a one-year stay in a nursing home costs about $50,000.
This figure can be as high as $80,000 in some regions.
5. The correct answer is True
People have to spend all or almost all of their assets to get
Medicaid benefits.
6. The correct answer is True
40% of the people receiving long term care are working-age adults
aged 18-65.
7. The correct answer is False
Medicare paid for only 18% of the spending in 1998.
8. The correct answer is False
Disability insurance will not cover most long term care.
9. The correct answer is True
And in fact after the age of 85, half of us will need help with
ordinary activities of daily living (like bathing, dressing and
eating).
10. The correct answer is True
According to a recent survey, those that do not own long term
care insurance overestimated its cost by an average of 50%.
