Most older adults would have to liquidate assets for home care

Most older adults would have to liquidate assets for home care

(HealthDay)—The oldest and sickest Americans are least likely to be able to afford home care, according to a study published online June 3 in Health Affairs.

Richard W. Johnson, Ph.D., and Claire Xiaozhi Wang, both from the Urban Institute in Washington, D.C., simulated the of paid home care for a nationally of non-Medicaid, community-dwelling adults age 65 years and older.

The researchers found that 74 percent of adults could fund at least two years of a moderate amount of paid home care if they liquidated all their assets, and 58 percent could fund at least two years of an extensive amount of paid home care. However, among older adults with significant disabilities, only 57 percent could fund at least two years of moderate paid home care and 40 percent could fund at least two years of extensive paid by liquidating all their assets.

"Home care is less affordable, however, for those most likely to need it, including with significant long-term services and support needs, single adults, and those ages eighty-five and older," the authors write.


Explore further

Factors associated with loss of usual source of care among older adults

More information: Abstract/Full Text
Journal information: Health Affairs

Copyright © 2019 HealthDay. All rights reserved.

Citation: Most older adults would have to liquidate assets for home care (2019, June 4) retrieved 22 July 2019 from https://medicalxpress.com/news/2019-06-older-adults-liquidate-assets-home.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
3 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more