What Does the Term “Dual Eligible” Mean? “Dual Eligible” is a term given to beneficiaries of both Medicare and Medicaid. In order to receive Medicare benefits, an individual must be at least 65 years of age or a recipient of Social Security Disability Insurance (SSDI) for at least 24 months. Medicaid is the nation’s public…
What Is Long-term Care Insurance Long-term care insurance (LTCI) is one financing option for the various components of long-term care. The earliest long-term care policies were first offered in the 1960s and covered only care in nursing homes. In 2016, the National Association of Insurance Commissioners reported that the long-term care insurance market covers more…
What Is the Informal Home Care Industry Until the proliferation of social programs in the 1960s and 1970s, family members and/or friends in the family cared for individuals that had long term care needs. This informal system provides a valuable service to little or no cost and is still the most widely used delivery mechanism…