Los Angeles, CA, June 03, 2015 --(PR.com
)-- Many assume health among the elderly has improved because they, as a group, are living longer, notes the director of the American Association for Long Term Care Insurance.
"Others hold a contradictory image of the elderly as dependent and frail and the truth actually lies somewhere in between," reports Jesse Slome, director of the American Association for Long Term Care Insurance.
According to U.S. Census data some 20 percent of individuals between ages 75 and 70 reported a need for personal assistance with everyday activities. "That percentage increases as people age to the point where one in two individuals age 85 and over indicate they need assistance."
The Association regularly analyzes and reports data on aging and long term care. The latest data will be included in the organization's 2015 Long-Term Care Sourcebook. The 28-page compendium of research and industry data will be distributed in July.
"With age comes increasing chances of being dependent," Slome notes. The U.S. Census report showed that while 1 percent of those aged 65 to 74 years lived in a nursing home in 1990, nearly 1 in 4 aged 85 or older did. And among those who were not institutionalized in 1990-91, 9 percent aged 65 to 69 years, but 50 percent aged 85 or older, needed assistance performing everyday activities such as bathing, getting around inside the home, and preparing meals.
Slome advocates for those in their 50s and 60s to undertake some long term care planning with the assumption of living a longer life than expected. "About a dozen leading insurers currently offer long term care insurance policies and while this is not an option for all, it's something folks need to at least learn about," the AALTCI director advised.
"There are important differences between the policies in terms of costs, acceptable health conditions and available discounts," the long term care insurance expert explained. "We advocate a 'Good, Better, Best' approach to buying long term care insurance which is a way to tailor coverage to each person's specific needs and available budget."
To learn more about long term care planning and options for financial security as well as no-obligation long term care insurance cost comparisons, call the organization's offices located in Los Angeles, California at 818-597-3227 or visit their website www.aaltci.org.