Surprising Stats About Hillsborough County Elder Care

Seniors today are facing a very different reality when compared to previous generations. There has been ample progress in elder care and modern medical solutions have changed how elders are taken care of.

Here are some amazing facts about Hillsborough County elder care you never thought about:

80 is the new 65

In the past, as soon as you reached the age of 65, you knew you were a senior. It meant being no longer active, no more trips and outdoor experiences and a poor overall everyday life. But, thanks to the amazing innovations in healthcare and a focus on the prevention of major chronic diseases, people who are now 65 can enjoy a youthful, active existence. Seniors are now living longer, and better. They have healthier, more active and happier lives together with their families and friends. The medical innovations will continue to evolve and it is expected that, by 2040, there will be 14.1 million older seniors (ages 85+), compared to just 5.7 million in 2011 in the United States alone. The gender gap is also narrowing. In the past, women outlived men by about 7 years. Recent data shows that this number is going down, now hovering around 5 years. The average man in the United States has a life expectancy of 76.4 years, while women have a life expectancy of 81.2 years. This trend is continuing to grow and people are expected to live even longer in the future.

The need for good eldercare is growing immensely

In fact, the need is skyrocketing. As more and more people reach old age, the demand for complex, full, diverse services in a St Petersburg home care is getting more visible. There is a massive generation of baby boomers who are now becoming older, who will likely be the next clients of these establishments. The statistics show that the number of Americans that will look for a Hillsborough County elder care establishment will grow by more than 75 percent. Across the country, this means growth from 1.3 million in 2010, to 2.3 million in 2030. This growth is massive and shows how much this type of service will be sought after. There will be a growing need for diverse, patient-centered eldercare, which has to be adapted to a person’s ever-changing needs as they age.

The typical assisted living resident is female

According to recent data published by ACS, the typical resident in a St Petersburg home care can be described as:

  • female – most residents are female, with an average ratio of 7 women to 1 man;
  • they are living with at least one chronic medical condition, most commonly high blood pressure or osteoporosis
  • mobile and in their late 80s (the approximate age is 87 years old)
  • mostly independent – requiring minimal assistance with daily living necessities, like eating, drinking, bathing and medication management

Specialized healthcare is getting more popular

Specialized healthcare includes treating patients with special chronic conditions, like Alzheimer’s and dementia. These special centers receive a lot of patients and become more and more popular. This is especially true, considering that a large generation of baby boomers will become seniors in a few years. The number of Americans living with Alzheimer’s disease is expected to triple by 2050, to 14 million people.

Skilled nursing facilities are expensive and may not be sustainable in the long run

Skilled nursing facilities, abbreviated as SNFs, are the most expensive type of eldercare and will soon become obsolete when compared to other types of services. It far exceeds the costs of care provided in other settings. The cost model is simply unfeasible in the long run, especially when we consider the new wave of baby boomers who will become their clients in a few years. The costs are simply too high when compared to other alternatives, such as a Hillsborough County elder care facility.

Seniors are not prepared for the high costs of long term care

There’s a huge financial issue when it comes to eldercare. Data suggests that about 25 percent of people over the age of 45 have no means of covering the financial cost of eldercare for themselves. The statistics are not surprising, particularly when you consider the high costs of long term care. The lack of preparation, however, is an important issue and must be addressed. People are not preparing financially for their retirement and don’t have enough funds for a possible long term health care plan. Currently, by the time people will reach old age, about 20 percent of people will incur more than $25,000 in out-of-pocket costs. Another study shows that 83 percent of primary caregivers contribute financially during long term care situations. The costs for these out-of-pocket expenses are estimated at $8,800 per person.

Owning your own home may not be financially feasible

Virtually all studies done in this field show that people want to remain in their homes for as long as possible. However, data shows that owning the home during senior years may not be financially feasible for a lot of older people. The expenses and costs required to maintain a home may simply be too much for a lot of seniors. Ongoing expenses for an average homeowner include:

  • the replacement, maintenance, and upkeep of the central air conditioning system or a furnace – approximately $10,000
  • lawn care for 10 years – estimated at about $25,000
  • replacement for windows and other small components – about $12,000
  • roof maintenance, upkeep, and replacement – approximately $20,000

Staying active is the best prevention tactic

Staying active is the best way to avoid the effects of aging, even if you were never an active person. This thing is for sure: being active keeps you healthy and gives you independence. A recent study done by the Hebrew University Medical Center has shown that seniors who do any amount of exercise appear to live longer and have a lower risk of disability. The same goes for chronic conditions – regular exercise helps slow down their evolution. The study also shows that exercise helps tremendously even if you have never been active before. You can enjoy the advantages of physical exercise even if you start at 70 or 85 in a St Petersburg home care.

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