CNBC November 28, 2022
Deborah Nason

Key Points

– Most Americans may want to age at home, but few have long-term care insurance coverage. With home health aides costing almost $62,000 a year, how can average people fund their care?

– Tom Beauregard, founder of insurance company HCG Secure, said there’s “a need for innovation in this space to cover middle-income families to age at home.”

– Besides insurance coverage, retirees can look into alternate resources and tactics such as nonprofit service providers, cost-sharing with other retirees and tapping veterans benefits.

Some 70% of people want to age at home, yet only 10% have long-term care insurance, a recent HCG Secure/Arctos Foundation study found. Furthermore, about half of respondents had no idea how much in-home care...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: Home, Patient / Consumer, Post-Acute Care, Provider
The Advantages, Challenges, and Costs of Healthcare at Home Services
HIMSS24 Why Mass General Brigham Wants to Move 10% of Patient Care to the Home
What hospital-at-home leaders can learn from hospitalists
Can Hospital At Home Finally Hit Its Tipping Point? Lessons From The Hospitalist Field
How RPM can scale and sustain CMS' hospital at home program

Share This Article