Introduction to Long Term Care Flashcards
What is the definition of long-term care (LTC)?
LTC is care that an individual requires because they are unable to live independently due to health deterioration, including basic assistance with daily activities to specialized medical care.
What is Long Term Care Insurance (LTCI)?
LTCI is a specific type of insurance designed to cover costs associated with long-term care when the policyholder’s health deteriorates to the point of needing assistance, providing periodic payments for care services, accommodation, or goods.
How does the aging population impact the need for long-term care?
An aging population increases the demand for long-term care services due to a higher prevalence of age-related health issues and disabilities.
What role does the Financial Conduct Authority (FCA) play in regulating long-term care?
The FCA regulates LTCI, ensuring that insurance products are fair, transparent, and provide adequate protection for consumers.
What is the responsibility of the Care Quality Commission (CQC)?
The CQC monitors and ensures the quality of health and adult social care services, including care homes and domiciliary care.
What ongoing government reforms are aimed at improving the provision of long-term care?
Government reforms focus on increasing funding, improving regulatory oversight, and addressing the needs of an aging population through policies that ensure better access and quality of care.
What is the role of the Financial Conduct Authority (FCA) in long-term care?
The FCA regulates long-term care insurance (LTCI), ensuring that products meet standards and policyholders are treated fairly.
Why is long-term care increasingly necessary in today’s society?
Due to an aging population, more individuals are experiencing health deterioration and requiring assistance with daily activities or specialized medical care.
What does the term “self-funder” mean in the context of long-term care?
A self-funder is an individual who pays for their own care without financial assistance from the local authority or state.
How does the Care Quality Commission (CQC) contribute to long-term care?
The CQC monitors and ensures the quality of health and adult social care services, including care homes and domiciliary care providers.
What types of services are included in long-term care?
Long-term care services can range from basic assistance with daily activities like bathing and dressing to specialized medical care such as nursing or dementia care.
What are some of the basic daily activities that long-term care services assist with?
Basic daily activities include bathing, dressing, eating, and mobility.
What impact does an aging population have on the need for long-term care?
An aging population increases the demand for long-term care services as more people live longer and require assistance with age-related health issues
How does specialized medical care in long-term care differ from basic assistance?
Specialized medical care includes services like wound care, medication management, and treatment for chronic illnesses, which require medical expertise.
How do government reforms aim to improve long-term care provision?
Reforms aim to enhance quality, accessibility, and affordability of care services through policy changes, funding adjustments, and regulatory updates.
