Working til age 70 won’t be enough for people not yet prepared for retirement, according to the Employee Benefit Research Institute, contrary to a Center for Retirement Research study released in July which failed to factor in the high costs of long-term nursing home care. Instead, many Americans will have to work well into their […]
EBRI
With unpredictable Medicare reimbursement rates and constricted Medicaid budgets at a state level, senior care providers are welcoming a less common, but slowly growing, form of payment: long-term care insurance. This product allows policyholders to make claims to their insurance company to pay for their health care costs, whether it’s received at home, in a […]
More Americans aged 65 and older have been entering nursing homes or other long-term care facilities in the past decade, and those who do experience a fast and steady decline in household wealth, according to an Employee Benefit Research Institute (EBRI) issue brief on the Effects of Nursing Home Stays on Household Portfolios. Nursing home […]
The percentage of older Americans living below the poverty line has been growing steadily since 2005, and many are falling into poverty as they age and spend down their savings, especially on healthcare costs and nursing homes, according to an April 2012 EBRI (Employee Benefit Research Institute) analysis of a health and retirement study. Between […]
Home and home-related expenses are the biggest source of spending for Americans aged 50 and older, according to a report by the Employee Benefit Research Institute, followed closely by steadily rising health costs. “Health care spending is the only component which steadily increases with age: It captures around 10 percent of the budget for those […]
Subscribe
Receive industry updates and breaking news from SHN