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Democratic Presidential Hopeful Cory Booker Proposes A Long-Term Care Plan

Democratic presidential candidates finally are beginning to talk about long-term care for older adults and younger people with disabilities. That’s good. Their ideas, not so much. This week, New Jersey senator and presidential contender Cory Booker became the first Democrat in the race to propose a relatively detailed long-term care plan. He deserves credit for raising an issue that, until [...]

By |2019-07-17T15:08:38-04:00July 17th, 2019|long term care reform|0 Comments

Medicare Must Keep A Closer Eye On Hospices And Nursing Homes That Put Patients At Risk

Three reports in the past month have outlined serious problems with the way some nursing homes and hospices are caring for their patients.  The tales are similar: A relative handful of providers are delivering poor, even dangerous, care that is being hidden from consumers. But the real story is far more troubling:  Neither the federal government nor many states have [...]

By |2019-07-12T13:40:00-04:00July 12th, 2019|nursing homes|0 Comments

Sales Of Traditional Long-Term Care Insurance Policies Continue To Fall

Americans bought only about 60,000 stand-alone long-term care (LTC) insurance policies in 2018, down 13 percent from 2017. Only about 15 carriers were actively selling policies, and five of them accounted for more than three-quarters of the market, as measured by premiums. The grim news was included in the latest version of an authoritative annual survey of long-term care insurance [...]

By |2019-07-03T12:05:24-04:00July 3rd, 2019|long-term care insurance|0 Comments

Private Equity Firms Are Acquiring Long-Term Care Insurance Policies. What Will It Mean For Policyholders?

Some long-term care insurance companies are turning over their existing policies to private equity firms and other outside investors, a move that will wipe massive liabilities off their books but could put policyholders at risk. The problem: Unlike traditional insurance companies, private equity investors may be investing premiums in high-yielding but speculative securities such as junk corporate bonds. Such a [...]

By |2019-06-28T14:47:09-04:00June 28th, 2019|Uncategorized|0 Comments

An Ambitious State-Based Plan for Universal Family Care That Falls Just Short On Long-Term Care

These days, efforts to reform our broken system of long-term care are being led by the states. To support and build on those programs, the National Academy of Social Insurance (NASI) released an ambitious agenda for structuring and financing programs to help families support their loved ones. The NASI framework, called Universal Family Care, goes far beyond long-term care financing. It [...]

By |2019-06-28T10:52:44-04:00June 28th, 2019|long term care reform|0 Comments

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