Exam 3 - Lecture 2 (Retirement, Legal & Ethical Issues) Flashcards
what are the types of economic assistance that older adults are entitled to?
- SS
- Medicare
what is retirement?
the expectation that older adults will cease full-time work
which group of older adults plan to work past 65 yrs old or have no intentions to retire?
Baby Boomers
retirement planning is largely aimed at these group of people
- highly educated
- those with high occupational status
- government employees
- employees in companies with pensions
why do women retire earlier than men?
- gender bias
- family responsibilities
- more variability in work due to interrupted careers
- sporadic work history
what are the nursing responsibilities regarding retirement?
- discuss it with clients in primary care
- discuss transition to retired status
- address health issues affecting retirement
- provide resources for planning & support
what is the full retirement age for SS?
65-67 years old
what was the purpose of the “Age-entitlement Program” (SS) under FDR?
provide monetary support at a certain age regardless of personal financial resources
how is the “benefit amount” calculated for SS?
get the avg salary during 35 working years
what are the different insurance plans provided by the US government?
- Medicare
- Railroad Medicare
- Medicaid
- TRICARE
- VA
which insurance plan is designed for adults age 65, people who are blind or totally disabled and those with ESRD?
Medicare
what do supplemental insurance plans (Medigap) help with?
- Medicare co-pays
- deductibles
- a portion of coinsurance amounts
what does Supplemental Security Income provide?
minimum level of economic support to people older than 65 regardless of earning power in early working life
what is Medicaid?
a health insurance program funded by the federal and state with tax dollars
Medicaid provides health services to which group of people?
- low-income children
- pregnant women
- permanently disabled
- adults 65 and older
this type of insurance is designed to cover expenses for LTC that are not included in health insurance or Medicare
LTC insurance
what are some things that LTC insurance offer?
- wide range of benefits
- wide range of costs
- some offer a maximum time for coverage (5 years)
how are costs for LTC paid for?
- Medicaid
- Medicare
- private LTC insurance
- out-of-pocket
most older adults prefer to stay at home
true
what are the 3 residence options for older adults?
- shared housing with family members
- community care
- skilled-nursing facilities
what are the 4 types of community care?
- PACE (care for older adults living in communities)
- adult day services
- assisted living facilities
- continuing care retirement communities
what are the 2 types of skilled nursing facilities?
- sub-acute
- chronic care (LTC)