Washington
The expense of home health aide in Washington State is far more than the national norm. Annual spendings of such services often times cost more than six figures and have been recorded upwards of $ 175,000 per year. Typical nursing facility expenditures in WA are between $ 75,000 and $ 85,000. Comparatively, assisted living services commonly carry a $ 35,000 to $ 45,000 annual bill. These reports, made public from Genworth Financials yearly Cost of Care Survey, combine to make Washington the 3rd most expensive area for needs based programs.
But this inflated cost has by no means gone unrecognized. Legislators in WA are currently investigating a proposed Partnership Program for Washington long term care as a means for asset safeguard during an individual's funding of long term care. The rules of this partnership program, which must be adopted by the Washington State Insurance Commissioner, will encompass the following.
Key to Washington State's regulations for elderly care services is a focus on community and home care services. Since the turn of the new millennium, the vast majority of spending (79 %) for Washington long term care services has been on home care, compared to nursing home facilities that only encompass 21 %. This trend has had a considerably positive outcome for the elderly care budget and has made long term care in WA a more viable option.
More than 12 % of the total population in Washington is senior citizens. Find Washington long term care agents in the greater Seattle area.
Contact
The expense of home health aide in Washington State is far more than the national norm. Annual spendings of such services often times cost more than six figures and have been recorded upwards of $ 175,000 per year. Typical nursing facility expenditures in WA are between $ 75,000 and $ 85,000. Comparatively, assisted living services commonly carry a $ 35,000 to $ 45,000 annual bill. These reports, made public from Genworth Financials yearly Cost of Care Survey, combine to make Washington the 3rd most expensive area for needs based programs.
But this inflated cost has by no means gone unrecognized. Legislators in WA are currently investigating a proposed Partnership Program for Washington long term care as a means for asset safeguard during an individual's funding of long term care. The rules of this partnership program, which must be adopted by the Washington State Insurance Commissioner, will encompass the following.
- Plans for prospective applicants age 79 or younger must provide assured protection from inflation upon the time that the policy is acquired by the buyer.
- Any sort of confinement, whether in a hospital or nursing home facility, shall not be a requirement for policies
- Those in community based or home care have an optional insurance coverage benefit
- Policies must have an ensured renewability provision
Key to Washington State's regulations for elderly care services is a focus on community and home care services. Since the turn of the new millennium, the vast majority of spending (79 %) for Washington long term care services has been on home care, compared to nursing home facilities that only encompass 21 %. This trend has had a considerably positive outcome for the elderly care budget and has made long term care in WA a more viable option.
More than 12 % of the total population in Washington is senior citizens. Find Washington long term care agents in the greater Seattle area.
Contact
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