Senior care is becoming a bigger and bigger target as the Baby Boomer generation begins to age and require assisted living and other levels of care. We wanted to pull together some of those statistics for caregivers to know so they can be prepared for the coming years of a loved one requiring care.
Adults over the age of 85 will more than double by 2036.
This age range and the aggressive growth we will see in the next 15 years for this demographic will likely create a major need for specialized care and nursing homes in the state of Texas.
Only 15% of Texas residents utilize Medicaid for their senior care.
This highlights the huge need as a caregiver to make sure your family is financially planning to ensure that they will be covered for the full length of care required.
There are 1,215 nursing facilities and 2,000 assisted living facilities throughout the state of Texas.
That is a lot of options and choices to sift through! This fact highlights that you need some expertise around what facility and level of care would be best for your loved one – avoid that stress!
86% of Texas nursing homes reported costs that exceeded Medicaid reimbursement.
This is another statistic that highlights the dangers of not financially planning for all scenarios around the length and level of care your loved one might need. If you have only planned for one scenario and assume that is all your loved one will need, you could likely run into financial hardship. The right planning will save a lot of headaches in the long-term.
55% of residents currently living in a Texas nursing home have been diagnosed with Dementia.
It is a challenging reality to face if you have an aging loved one but they will likely experience some kind of memory loss condition. It could be in the form of Alzheimer’s or dementia but that number is likely to only grow in the future. As a caregiver, you should be prepared to deal with a scenario that your loved one will need some kind of memory care in their future.
Sources:
– ConsumerAffairs.com
– Ahcancal.org
– TXhca.org