Report to be released on new LTC payment model
How would you feel about receiving $75 a day for home care if you became disabled?The American Association of Homes and Services for the Aging is exploring such a concept in a report whose release is pending, AAHSA said. The model calls for working people aged 21 and older to give around $3 a day to the payment system. In turn, if a person vested in the program becomes disabled and is homebound that person would be eligible to receive $75 a day. That person could spend the money as he or she sees fit, according to the model.
The financial model is a way to generate discussion about the need for a new payment system, Larry Minnix, president and CEO of the American Association of Homes and Services for the Aging, said Monday at the association's annual conference in Orlando. Medicaid will not sustain long-term care needs for the future, he said. The conference, which started Sunday, extends through Wednesday.