Weekly News Wire | October 31, 2024
6.5 Million ‘Near Dual’ Older Adults Likely Unable To Afford Long-Term Care
About 6.5 million “Near Dual” seniors are likely to be unable to afford long-term care as they grow older and more frail. “Near Dual” seniors are those who are eligible for Medicare (which does not cover long-term care) but are only at the cusp of income and asset eligibility for Medicaid. Near Duals usually have a similar number of chronic illnesses and mobility limitations as fully dual eligibles.
Near Dual seniors average $11,000 to $28,000 in annual income, and have less than $26,000 in total assets. The annual cost of an assisted living facility . . .
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