Elderly And Health Care Costs - 1939 Words

Elderly and Health Care Costs Elderly people struggle with the everyday cost of living. They have to think not only about the essentials of the their living expense’s but have to think about the cost of their health care. When a person applies for health care insurance they will find out what they will pay monthly, semiannually, and annually. There are five factors when considering what the monthly premium will be. The five factors are age, geographical, location, tobacco user, individual vs. family enrollment, and plan category. The one issue that arises to many people that gives them fear when they are applying for health care insurance is the age issue. According to the health insurance market place. (Healthcare.gov 2015) â€Å"Older people†¦show more content†¦If we look at the overall rating in the National Academic of Science approximately 82 percent of people are living with a chronic disease that has to be tended to on a monthly bases. Ongoing preventive service for the elder that are mos t common would be hypertension, arthritis and heart disease so why charge the elder adult 3 times more for their monthly premiums than a younger adult. There is a broad aspect when talking about long-term care for a person. There are in home care services, there is also health and personal service that are provided for a disabled person with a chronic disease over a long period of time. In the National Academy of Science it states that approximately 1.45 million adults live in a nursing home while another 750,000 elder adults live in some type of alternative residential care facility. In a residential care facility they provide everything that is needed for their living for instance food, medication services, and their electrical expenses they do not have to worry about paying any bills in their everyday living. We have to take into account though the elder that live in their own home that can function on a daily basis for themselves and just need a little care cleaning their house or going to the store for their necessities in life. Where dose that come into play when considering the health care premiums? In the Academy of Science it states also that a â€Å"adult 65 and older account for