Page 25 - Senior Times South Central Michigan - June 2018 - 25-06
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Statistics
Senior Times - June 2018
Page 25
Activities
❖ Bicycling
❖ Billiards
❖ Burnham Brook Singers
❖ Cards & Games
❖ Evening Dances
❖ Golf
❖ Line Dancing Lessons
❖ StampClub
❖ Tap Dancing Lessons
Hours Of Operation
 Building Hours:
Mon-Fri, 6am-9pm
Sat, 8am-3pm; Sun Closed
 Office Hours: Mon-Fri, 8am-5pm
 The Kool Family Community Center Basic Annual Membership: $55
 Call For Prices For
The Fitness Loft 269-969-8956
 www.thekoolcenter.org  Like us on Facebook
200 West Michigan Avenue, Battle Creek, MI 49017  269-965-0000
• 18.2 billion hours – The number of hours of unpaid care for a person with dementia, 2016, valued at $230 billion.
• 15 million – The number of unpaid caregivers for the person with Alzheimer’s disease or related demen- tias, 2016.
• $3 trillion – Estimated lost lifetime wages due to unpaid caregiving responsibilities.
• 83% – Percentage of help provided to older adults that is delivered by friends or family members.
• 46% – Percentage of all caregivers who provide help to someone with Alzheimer’s or other dementia.
• 65% – The percentage of older adults with long term care needs who rely exclusively on friends and family members to provide that assistance.
• More than 75% – Percentage of care- givers that are women.
• 63 – Average age of caregivers for peo- ple who are 65 and older.
• 70% – The percentage of caregivers who suffered work-related difficulties due to their caregiving duties.
• $15,000 – The average amount of income that caregivers will lose due
to time demands of providing care to those with Alzheimer’s disease or other dementias.
STATE AND FEDERAL FUNDING:
• 62.3% – Percentage of long term care services and supports that are provided through Medicaid.
• 20% – Percentage of Medicaid funding that went to pay long term care costs in 2016.
• $120,900 – Maximum amount of assets that a healthy spouse can retain for the other spouse to be eligible for long term care benefits provided by Medicaid, 2017. (Note: actual amounts vary by state.)
• 100 – Days of care in a skilled nursing facility (“rehab”) covered in full or in part by Medicare following a qualify- ing hospital stay.
LONG TERM CARE INSURANCE:
• 125 – Number of insurers offering standalone long term care policies, 2000.
• Less than 15 – Number of insurers offering standalone long term care pol- icies, 2014.
• 380,000 – Number of individual long term care insurance policies sold, 1990.
• 129,000 – Number of individual long term care insurance policies sold, 2014.
• 72,736 – Number of hybrid life/long term care policies sold to individuals, 2009.
• 305,068 – Number of hybrid life/long term care policies sold to individuals, 2013.
• 4.5 million – Number of individuals with long term care insurance cover- age, 2000.
• 7.25 million – Number of individuals with long term care insurance.
coverage, 2014.
• $1.98 trillion – Maximum potential
benefit of all long term care policies in
force, 2017.
• $1.87 billion – Annual claims on long
term care insurance policies, 2000.
• $8.73 billion – Annual claims on long
term care insurance policies, 2014. • 99% – Percentage of new long term
care policies that cover skilled nursing
and in-home care, 2014.
• 37% – Percentage of new long term
care policies that cover skilled nursing
and in-home care, 2000.
• $2,772 – Average annual premium,
long term care policies being sold,
2014.
• $1,677 – Average annual premium,
long term care policies being sold,
2000.
• 0.5% – Percentage of all businesses
offering long term care insurance to
their employees.
• 20% – Percentage of businesses with
10 or more employees offering long
term care insurance to their employees. • $52,000 – Amount that a person buy- ing the average long term care policy
at age 60 would have paid in premiums
by age 82.
• $547,000 – Amount of total benefits
available at age 83 for a person who
purchased a typical policy at age 60. • 19.6% – Increase in short term care
insurance sales in 2015 relative to 2014. (Short term care insurance poli- cies cover periods of one year or less.
• 17% – Percentage of applicants ages 50-59 denied long term care coverage due to health issues, 2016.
• 45% – Percentage of applicants ages 70-79 denied long term care insurance due to health issues, 2016.
The need for long term care will continue to increase. The cost of care will logically increase as well. The type of long term care insurance policies sold is changing as there is a significant increase in bulking with life insurance. Consequently, the number of standalone long term care polices are decreasing.
The bottom line deals with the numbers. Meet with your elder law attorney, and possibly your financial advisor. Discuss with them how to best secure your assets and how your potential future needs can be met. Long term care insurance might be a good option for you. Find out what your options are today.
We all hope to age as healthfully as possible. Your activities today can have an impact on that. You all know how... get up and get moving, consider making a change in your diet if necessary, be sure to manage or get in front of any chronic conditions you might be expe- riencing, get your vision and hearing checked and adjust your equipment
if needed, get out of your house and engage with others, and find a way to enjoy something in life.
BARRY COUNTY COMMISSION ON AGING
Friendship Center Locations:
Hastings COA Building:
(269) 948-4856 Mon-Fri 10 am-2pm
Main St. Banquets:
(517) 213-9212 Mon-Fri 10:30am-1pm
Delton Faith United Methodist Church
(269) 579-3918 11:00am-1pm
Woodland Eagles Club:
(269) 367-4041
Mon, Wed & Fri 10:30am-1pm
• Home Delivered Meals. For homebound seniors that are unable to pre- pare meals, can receive delicious meals at home. Special diets available. • Senior Center Activities including line dancing, card making, beading,
cards, bingo, and many others.
• Senior Meal Choice Dining. Restaurant-based senior dining program. • Chore Service provides minor home repair for seniors.
There are many more activities and opportunities to volunteer your time and talents! Just Call Barry County Commission on Aging for more information.
320 West Woodlawn Avenue, Hastings, MI 49058 Phone: (269) 948-4856 | Fax: (269) 948-3336 E-Mail: bccoa@barrycounty.org | www.barrycounty.org
Grand Vista is a place seniors can receive the care and support needed to live fulfilling lives in a home-like environment.
Grand Vista Located in Coldwater & Marshall, Michigan Ph: 517-227-5225 www.grandvistaliving.com
• Medication Management • 24/7 Pharmacy Services • Personalized Care Plans • ADL & IADL Support • Meals Services
• Housekeeping
& Laundry Services
• Daily Activities & Entertainment
• All Inclusive Pricing
Family Owned & Operated


































































































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