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A Top House Democrat Mulls A Medigap Long-Term Care Benefit

House Ways & Means Committee Chair Richard Neal (D-MA) is mulling a plan to add a limited long-term care benefit to Medicare Supplement (Medigap) insurance. Minnesota proposed a similar plan last year. And the idea would expand to traditional Medicare a recent innovation that added limited supports and services to Medicare Advantage managed care plans. Neal is the second key [...]

By |2019-06-10T16:58:42-04:00June 10th, 2019|long-term care insurance|0 Comments

Too Many Older Adults Are Needlessly Falling, Endangering Themselves and Costing Billions

One of every three older Americans falls every year. Among those 75 and older, the number of falls-related deaths tripled to more than 25,000 from 2000 to 2016. Even after adjusting for age, the mortality rate for falls roughly doubled over that period. Of every 100,000 people age 75 and older, 122 will die from a fall. Falls not only [...]

By |2019-06-05T10:26:04-04:00June 5th, 2019|Caregiver tips|0 Comments

The Trump Administration Is Looking At Tax Breaks And Other Ways To Boost Private Long-Term Care Insurance

The Trump Administration is (very quietly) looking at ways to reinvigorate the flagging private long-term care (LTC) insurance market. The recommendations are expected to surface later this year. And they likely will be very modest. The ideas being considered would make some regulatory changes and create new tax subsidies to encourage consumers to purchase private LTC insurance. They would send [...]

It’s Official: Washington Will Be The First State With Public Long-Term Care Insurance

Washington Governor Jay Inslee has signed into law the nation’s first public state-operated long-term care insurance program. The Long-Term Care Trust Act will pay benefits of up to $36,500 for those who need assistance with regular daily activities such as eating, bathing, or help with medications. The benefits initially will be funded with a payroll tax of 0.58 percent on [...]

By |2019-05-15T14:06:44-04:00May 15th, 2019|long-term care financing|1 Comment

How To Help Middle-Income Seniors Pay For Their Long-Term Care Needs

Recent articles in the journal Health Affairs attempted to attach numbers to a problem that millions of American families are intimately aware of: Many middle-income older adults cannot afford to pay their out-of-pocket costs for health care and senior housing. And the problem is going to get worse once the Baby Boomers begin to hit their late 70s and early [...]

By |2019-05-10T16:20:20-04:00May 10th, 2019|long-term care financing|0 Comments

Can Managed Care Plans Reduce Health Care Costs By Providing Social Supports? Maybe.

Many policymakers, health care and insurance executives, and consumer advocates argue that better integrating medical care with long-term supports and services (LTSS) can both save money and improve the well-being of frail elders and younger people with disabilities. It seems logical, and there is some tantalizing evidence that it is true. Unfortunately, health care is filled with ideas that sound [...]

By |2019-05-01T10:31:56-04:00May 1st, 2019|Care Coordination|0 Comments

A Tool That Helps Family Caregivers Map Their Support Systems

You are caring for a loved one. On top of everything else, you feel absolutely alone—as if you are doing this tough work with no help. But maybe, just maybe, you have more support than you think. A creative tool called Atlas CareMaps is a deceptively simple but powerful way to identify all the connections in your life. It helps [...]

By |2019-04-22T11:10:08-04:00April 22nd, 2019|family caregivers|0 Comments

Washington State’s Public Long-Term Care Insurance Program Is On The Verge Of Becoming Law

A first-in-the-nation state long-term care insurance program is likely to become law within a few weeks. In Washington State, both houses of the legislature have approved the measure, though they must resolve relatively minor differences between the two bills. Gov. Jay Inslee has promised to sign it. Washington would be the first state in the US to enact a public [...]

Drugs Are Keeping Seniors Healthy, And Hurting Them

We are living in the age of prescription drugs. They can turn once-fatal diseases into manageable, chronic conditions. But especially for older adults, many of whom take five or more medications each day, they can cause illness or even death. A new study by Judith Garber and Shannon Brownlee of the Lown Institute, estimate that as many as 10 million [...]

By |2019-04-08T12:57:41-04:00April 8th, 2019|Health Care|0 Comments

Another Shock To The Long-Term Care Insurance Industry

Genworth, once the largest seller of long-term care insurance policies, has announced that it has stopped selling individual stand-alone coverage, as well as immediate annuities, through brokers and agents. Company officials say the decision is temporary, but for now it will sell only through direct-to-consumer channels or through employers or affinity groups--currently a very small market. Independent brokers fear the [...]

By |2019-04-01T11:49:26-04:00April 1st, 2019|long-term care insurance|9 Comments