AXIOS December 3, 2023
As America’s population of seniors grows, affordable long-term care is increasingly hard to find.
Why it matters: Nearly 70% of older adults will need long-term care services, according to Harvard’s Joint Center for Housing Studies.
- Medicare doesn’t cover these services, and Medicaid often has long wait lists for at-home support, said Samara Scheckler, a research associate.
- “The cost of daily assistance at home is out of reach for most,” Scheckler said, “and so is assisted living, which bundles housing and care together.”
By the numbers: 13% of adults 75+ in U.S. metro areas living alone can afford assisted living without diving into assets, per the Center.
- 14% can afford a daily visit from a home health aide...
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