Question

Due Thursday (20 pts) Week 4

Write a 175- to 265-word response to the following:

• What are some finance options for lifespan management facilities and services? How will those options influence the services provided? Provide details.

Answer 1

Life span is the time period or duration in which an individual live his or her life and there are ways to improve the same. Various measures have been scientifically proven to be effective in improving the lifespan management in many ways like by reducing the calories, taking good amount of nutrition, by exercising regularly, weight reduction, also maintaining healthy relationships and many more. Life span management is therefore an all round process that is aimed to improve the health and overall restoration. There are various options that are provided by country’s department of health and services like

1) Government programs – there are number state and Federal programs that are offered to help by providing health care related costs.

2) Medicare – it is the Federal Government program of health insurance that helps to pay the costs of medical expenses for the people above the age of 65 and also for those suffering with last stage of kidney breakdown.

3) Medicaid – to obtain this people need to qualify for the same, like individual should have the assets and wage level that are below poverty level as stated by Federal. This program covers the expense of medical care and also long term care as well for those fulfilling the eligibility requirements.

Other available options can be reverse mortgage for elder, life insurance policies to help in long-term care, by using annuities for payment of long-term care, and various trusts as well. The cost of services for above option will increase with the increase in required care by individual.

Other available options can be reverse mortgage for elder, life insurance policies to help in long-term care, by using annuities for payment of long-term care, and various trusts as well. The cost of services for above option will increase with the increase in required care by individual.