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On February 17, 2016, LeadingAge released the 2016 Pathways report. Based on research, discussions, and modeling work conducted over the last 12 years, we know that workable solutions can be developed that allow individuals who requires LTSS to live with as much dignity and independence as possible. 

Read the LeadingAge 2016 Pathways Report: Perspectives on the Challenges of Financing Long-Term Services and Supports.

The nation’s current methods for financing long-term services and supports (LTSS) are unsustainable, irrational, and unfair for individuals and families.

LTSS are the services people use when they need help with everyday activities such as bathing, eating, and dressing. People might need these services as a result of an accident, an illness, or advanced age. 

There are 2 ways to pay for these services, which are not covered by Medicare:

  1. Out-of-pocket: Individuals or families can pay for these services with their own money.
  2. Medicaid: For those who qualify, Medicaid will cover the cost of LTSS.

People who don’t qualify for Medicaid often resort to depleting their savings or other retirement funds in order to cover the costs before they qualify for Medicaid. The average amount an individual will pay out-of-pocket if they need LTSS after turning 65 is $138,000.

LeadingAge believes America needs a fairer and more rational financing system to ensure access to quality LTSS.

Download the LeadingAge 2016 Pathways Report: Perspectives on the Challenges of Financing Long-Term Services and Supports to learn more.