LP5.1 Assignment: Aging Parents These assignments will assessthe competency 5. Analyze reimbursement and quality improvement inlong-term care systems. Prepare a 3-4 page, double-spaced paper(cite 3-4 reliable sources) that addresses the following scenario:You are helping your parents, ages 62 and 64, plan their retirementand financial future. • Research and discuss options for seniors'long-term care, including programs through Medicare, Medicaid,managed care, and other private insurance, etc. • What will youtell them about the potential need for, and costs of, long-termcare? What about long-term care insurance? • How will you advisethem to prepare financially to cover their health needs and relatedissues as they age, based on their income, current payer coverageand current and future needs? Be specific. • Detail trendsaffecting long-term care reimbursement and national spending fromfederal, state, and personal perspectives. Submit this assignmentto your instructor via the dropbox “LP5.1 Assignment: AgingParents.” This assignment is worth 60 points and will be gradedaccording to the scoring guide below.