Falls cost big bucks. Hold onto your hat and your handrail
because it’s unlikely your retirement budget includes enough to pay for you to recover
from a fall.
The National Council on Aging reports that in 2011:
- Treating older adults who fell incurred $36.4 billion just in
- Medicare paid for 78 percent of these costs.
- Medicare costs in the year after the fall averaged $12,150 to
The cost of preventing falls is cheap by
comparison. For instance, in November, the Centers for Medicare
& Medicaid Services calculated that a program that taught
people to manage falls indirectly saved $938 in medical costs per
participant annually. It also pointed out that a program to teach
older people tai chi, which improves balance, resulted in savings
of $1.60 in medical costs for every $1 spent on the program.
How to prevent a fall
Here are some tips to avoid being the retirement planning
fall guy, thanks to Mike Ross, exercise
physiologist at Gottlieb Center for Fitness, part of Loyola
University Health System:
- Wear shoes that fit and give
you traction in wet or slick weather.
- Keep your ice melt and
supplies such as sand and a shovel in the house. During
bad weather, if you have to leave the house to get your shovel, you
might fall on the way.
- Tighten the railings. If you
fell on the steps, would they support you?
- Don’t leave home without your
cellphone. If you fall, you can call immediately for
- Slow down. Don’t rush, and
watch where you are going. It’s better to get there late than
- Ask for help. If you think
you could use a little assistance getting to the car or down steep
steps or across uneven terrain, don’t be shy. Ask.
- Make a plan. Ask yourself
before you walk out the door, “If I were to fall, what would I
- Be strong. Exercising your
legs can make a big difference. Simple exercises include walking up
and down the steps in your home several times a day and doing sets
of 10 squats while hanging onto a sturdy chair a couple of times a