The Financial Burden of Paid Home Care on Older Adults

Journal Article

The Financial Burden of Paid Home Care on Older Adults

Abstract

Paid home care can significantly improve the lives of older adults with disabilities and their families, but recipients often incur substantial out-of-pocket spending. This study simulates the financial burden of paid home care for a nationally representative sample of non-Medicaid community dwelling adults age 65 and older. The results show that 74 percent could fund at least two years of a moderate amount of paid home care if they liquidated all their assets. Among adults with significant disabilities, however, only 57 percent could fund at least two years of moderate paid home care by liquidating all their assets.

You can read the article on Health Affairs' website (clicking this link will take you to an external site).

Cross-Center Initiative

Cross-Center Initiative: 
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.
LATEST IN Aging
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.