San Francisco, CA (PRWEB) September 11, 2009
PayingForSeniorCare.com today announced the creation and release of its first Long Term Care Statistical Index. The Index, created in the spirit of Harper's Magazine's Index, is a collection of sometimes alarming and sometimes humorous statistics about aging in the US. It is designed to raise awareness of the cost of long term care and the looming crisis in how our aging population will afford the care they require.
"90% of people enjoy reading statistics," said Alex Guerrero, the PayingForSeniorCare.com spoke person. "We believe publishing alarming information in a short and consumable format is a great way to grab peoples' attention. Many of the challenges associated with paying for long term care can be averted by taking pro-active steps in advance of the actual need striking. By publishing the Long Term Care Statistical Index, we hope to motivate families to plan for long term care as they might plan for their children's education, by taking the long view."
The website also offers a free Eldercare Resource Locator Tool to help families find the care and financial resources they require to pay for long term care. The Eldercare Resource Locator Tool is unique in that it searches across public and private programs as well as insurance and home equity options. Included are well-known options such as Medicare and Medicaid, but more importantly there are many lesser known and regional options such as obscure Veterans' benefits and regional home equity alternatives. Persons conducting a search also receive a separate list of programs for which they are not eligible. Understanding why they are not eligible saves caregivers consider time and effort in researching and planning for the long term care of their loved ones.
A MetLife (NYSE: MET) survey finds the cost of assisted living now exceeds $36,000 per year. Now more than ever families need to take advantage of the eldercare resources that are available to them.
PayingforSeniorCare.com is a free service designed to help families discover the financial resources to help pay for the long term care of their loved ones. In addition, the website helps families better understand the benefits and limitations of existing coverage and programs. The website is created and maintained by the American Elder Care Research Organization.