Opinion | When the Elderly Can't Afford the High Cost of Long-Term Care – The New York Times
Commercial
Supported by
letters
Readers counsel quite a lot of options in response to The Occasions’s “Dying Broke” collection.
To the Editor:
Re “Assisted-Living Fees Pile Up, as Do the Profits” (entrance web page, Nov. 23):
The current collection of articles inspecting the impression of our nation’s quickly ageing inhabitants sheds a lot wanted gentle on a big and unavoidable societal difficulty.
Many People do have enough financial savings and residential fairness to pay for long-term care at dwelling or in assisted residing. However many have underestimated the results of longer life spans and have both been unable to adequately save or haven’t ready for the prices related to the myriad bodily and cognitive care wants which are widespread at superior ages.
Our society doesn’t have an ample reply in place to assist these whose financial savings are inadequate or who don’t qualify for Medicaid funds toward assisted living (that are restricted and never an choice in all states).
Your reporting goes a good distance in calling consideration to the issue of discovering options to handle the price of long-term look after our ageing inhabitants. These challenges could be met with some laborious work in Congress, the states, and federal and state companies to create extra choices for our seniors. Policymakers must suppose broadly for tactics to incentivize saving for retirement, reactivate the marketplace for long-term care insurance coverage, broaden Medicare advantages and rather more.
The senior residing trade has devoted appreciable assets to exploring options to the problems raised and stands able to proceed working diligently to search out progressive methods to offer for the wants of the ageing American inhabitants.
David Schless
Washington
The author is president and C.E.O. of the American Seniors Housing Affiliation.
We’re having hassle retrieving the article content material.
Please allow JavaScript in your browser settings.
Thanks on your persistence whereas we confirm entry. In case you are in Reader mode please exit and log into your Occasions account, or subscribe for all of The Occasions.
Thanks on your persistence whereas we confirm entry.
Already a subscriber? Log in.
Need all of The Occasions? Subscribe.
Commercial
