Most American seniors would prefer at-home care but many lack the financial planning to ensure they can afford it, according to a recent report.
The transition toward at-home care is well-founded, according to the Cross Country Workforce Solutions Group, a division of Cross Country Healthcare, which provides in-home clinical and non-clinical care for aging seniors.
By 2030, for example, Medicare enrollment is expected to jump from 66 million to 78 million, the company says, citing March 2020 data from the Congressional Budget Office.
At the same time, 85% of older adults have at least one chronic health condition, such as heart disease, cancer or diabetes, Cross Country says, citing a May 2022 report from the U.S. Department of Health and Human Services.
“At-home care has proven to provide a better quality of life and outcomes for seniors requiring perpetual care, and it has tremendous potential to relieve some of the burdens our healthcare system will face with today’s aging population,” Pamela Jung, president of Cross Country Workforce Solutions Group, said in a statement. “We believe that keeping seniors at home for as long as possible is a win-win for patients and the healthcare system.”
Most aging Americans appear to agree: 70% say they would prefer to get older at home with support, Cross Country found in a survey of 500 U.S. residents aged between 50 and 79 years who live in a home, condominium, or apartment without paid in-home care.
The survey was fielded from February 10 to March 2.
At the same time, however, 91% of the survey respondents haven’t researched the care they may eventually need, while 34% have not even thought about it, Cross Country found.
Moreover, a 2022 study of baby boomers cited by the company found that 80% of aging Americans aren’t aware of existing managed-at-home care programs, such as Programs of All-Inclusive Care for the Elderly and Living Independence for the Elderly.
And 57% of respondents haven’t even considered a budget for what they’ll need for aged care services, Cross Country found.
Do you have a news tip you’d like to share with FA-IQ? Email us at firstname.lastname@example.org.