California

Should State Long-Term Care Insurance Funds Invest In Stocks?

California’s evolving effort to build a public long-term care insurance program includes an important, and potentially far-reaching, feature: The insurance fund would be allowed to invest some assets in stocks. This would be a dramatic change for both social insurance and long-term care insurance. For example, Social Security is allowed to invest only in Treasury bonds. Regulators require private long-term [...]

By |2023-06-22T13:46:52-04:00June 22nd, 2023|long-term care insurance|0 Comments

Look To The States, Not Congress, For Long-Term Care Financing Reform

While there is no chance the federal government will enact long-term care financing reform any time soon, several states are busy developing public insurance programs of their own. These initiatives could be a critical step as the nation wrestles with how to pay for personal care for older adults and others with disabilities or chronic disease. Washington State is refining [...]

By |2023-01-23T14:48:28-05:00January 23rd, 2023|long-term care financing|1 Comment

California Is Ending Its Asset Test For Medicaid Long-Term Care. Is It A Mistake?

Soon, California residents with personal care needs will be eligible for Medicaid long-term care no matter how much money and other assets they have. On July 1, the state will increase the program’s asset limit from $2,000 for an individual to $130,000 and from $3,000 for a couple to $195,000.  The state plans to end the limit entirely as soon [...]

By |2022-03-10T10:12:40-05:00March 10th, 2022|Medicaid|0 Comments

California Will Shift 456,000 Low Income Seniors into Managed Care

California has taken the idea of managed care for low-income seniors and people with disabilities to a whole new level. Under an agreement with the Obama Administration announced last week, the state will begin shifting both medical care and long-term supports and services to managed care companies in just seven months. Watch this closely. You may be looking at the [...]

The Battle over California’s Adult Day Programs

Want to see the future of adult day programs for the frail elderly and adults with disabilities? Just watch what is happening in California, where 26,000 participants and the centers that care for them are struggling to manage state budget cuts and huge uncertainty.  Adult day programs can be a key support for the frail elderly or other adults with [...]

By |2012-01-04T20:33:07-05:00January 4th, 2012|aging in place, Medicaid|3 Comments