“Genworth Hopes to Return to Long-Term Care Market Next Year”

August 6, 2021 | by | Comments Off on “Genworth Hopes to Return to Long-Term Care Market Next Year”

“Genworth Hopes to Return to Long-Term Care Market Next Year,” by Allison Bell, ThinkAdvisor Quote: “Genworth Financial is firming up plans to return to the U.S. long-term care insurance (LTCI) market in 2022, company executives said Wednesday. Genworth will work with other highly rated insurers to set up a new insurance company, which will probably provide support and advice services for older people who are still living in their own homes, as well as LTCI coverage, Tom McInerney, Genworth’s CEO, told securities analysts during a conference call. McInerney said Genworth expects to contribute expertise to the new LTCI issuer, and possibly
Read More

Categories: Clippings, Genworth, and Industry News.

“SNF-at-Home Model Becoming ‘Critical Player’ For Success”

August 6, 2021 | by | Comments Off on “SNF-at-Home Model Becoming ‘Critical Player’ For Success”

“SNF-at-Home Model Becoming ‘Critical Player’ For Success,” by Alex Zorn, Skilled Nursing News Quote: “Several factors continue to push patient care inside the home including health care waivers, patient preference, proposed legislation and an incentive to keep patients out of hospitals during the pandemic, as 32 states now offer hospital care at-home services as of July 27. While the clinical capabilities of in-home care remain limited, some operators are already looking to grow skilled nursing at-home programs alongside their acute care models. But with staffing shortages continuing to be an issue and no clear reimbursement path beyond 2021, some question
Read More

Categories: Clippings and Industry News.

“How a Medicaid Trust Protects Your Assets”

August 6, 2021 | by | Comments Off on “How a Medicaid Trust Protects Your Assets”

“How a Medicaid Trust Protects Your Assets,” by Rebecca Lake, Yahoo! Finance Quote: “A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid to pay for long-term care while preserving your savings. If you don’t have a long-term care insurance policy in place, you may consider adding a Medicaid trust to your estate plan. Understanding how this type of trust works can help you decide if it’s right for you. Work with
Read More

Categories: Clippings and Industry News.

“Advising non Washington State Employers about the Collection & Remittance process for their Washington State Employees for Wash. Cares”

August 6, 2021 | by | Comments Off on “Advising non Washington State Employers about the Collection & Remittance process for their Washington State Employees for Wash. Cares”

“Advising non Washington State Employers about the Collection & Remittance process for their Washington State Employees for Wash. Cares” Quote: Premium Elite Center for LTC Reform member Sally Leimbach of TriBridge Partners recently asked the WA Cares Fund “how Washington State expects basically every employer in the United States to be educated about the Washington Cares program in a timely fashion with the particulars to comply.” This is the reply she received: “Thank you for contacting WA Cares Fund. We are currently experiencing higher than normal email and call volume. Please know your message is very important to us, and
Read More

Categories: Clippings and Industry News.

“COVID-19 Cases and Deaths in Long-Term Care Facilities through June 2021”

August 6, 2021 | by | Comments Off on “COVID-19 Cases and Deaths in Long-Term Care Facilities through June 2021”

“COVID-19 Cases and Deaths in Long-Term Care Facilities through June 2021,” by Priya Chidambaram and Rachel Garfield, Kaiser Family Foundation Quote: “A previous data note found that weekly deaths and cases in LTCFs dropped to an all-time low in April 2021, largely due to the high rates of vaccination among LTCF residents and staff. Additionally, five states in that previous analysis reported zero deaths per 100,000 state residents in April 2021. This data note examines state reported LTCF data from 42 states plus Washington DC through the end of June 2021 to examine patterns of COVID-19 cases and deaths among LTCF residents and staff.
Read More

Categories: Clippings, COVID-19, and Industry News.

“How the Pandemic Reshaped the Estate Planning Landscape”

August 6, 2021 | by | Comments Off on “How the Pandemic Reshaped the Estate Planning Landscape”

“How the Pandemic Reshaped the Estate Planning Landscape,” by Kalimah White, Advisor Magazine Quote: “To put it simply, whereas once people were most worried about troubles close to home, today, they are most focused on threats that come from the outside and which, in many cases, are beyond their control. In 2018, for instance, less than 8 percent of respondents mentioned longer life and rising health costs as a key concern. In 2021, that number was 22 percent, roughly three times higher. Political conflict in Washington was mentioned four times as often this year as it was two years ago.
Read More

Categories: Clippings, COVID-19, and Industry News.

“Long-Term Insurance, Short Term Confusion”

August 6, 2021 | by | Comments Off on “Long-Term Insurance, Short Term Confusion”

“Long-Term Insurance, Short Term Confusion,” by Virginia Thomas, Spokane Business Journal Quote: “Some long-term care insurance providers here say Washington state has placed them in a confusing and financially risky position with the impending implementation of the Long-Term Services and Supports Trust Program, also known as the WA Cares Fund.”     LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click through for the details.           Subscribe to GoldenCare News  
Read More

Categories: Clippings and Industry News.

Temporary Asset Care product changes for WA, effective July 31

August 2, 2021 | by | Comments Off on Temporary Asset Care product changes for WA, effective July 31

Temporary Asset Care product changes for Washington state, effective July 31 The WA Cares Fund in Washington state has opened the door to important conversations about the potential impact of a long-term care (LTC) event, resulting in increased demand for our asset-based strategies. OneAmerica® is committed to ensuring those seeking alternative or additional coverage to the Washington plan have options. Therefore, to help meet the LTC protection needs for policyholders, as well as the needs of our distribution partners, we are implementing the following temporary changes effective Saturday, July 31: Return of premium: Return of premium (ROP) option will be
Read More

Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: Asset Care, AssetCare, hybrid, insurance, linked benefit, LTC, oneamerica, payroll tax, State Life, WA Cares Act, WA Cares Fund, WA LTSS Trust Act, WA State, WA Trust Act, Washington, Washington state, and Washingtonians.