“Long-Term Care Epiphany,” by Stephen A. Moses, Broker World   Quote: “Maybe long term care is not the overwhelming challenge it has always been considered to be. Maybe all we have to do is reconceptualize the issue, remove the perverse incentives that discourage long term care planning, and enforce long term care responsibility on the front end instead of rewarding irresponsibility on the back end as now.”     LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Read my new prescription for long-term care reform and let me know what you think at smoses@centerltc.com.      
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“BREAKING NEWS: CMS updates Medicaid eligibility standards,” by Lois A. Bowers, McKnight’s Senior Living   Quote: “The Centers for Medicare & Medicaid Services announced updated standards for Medicaid eligibility for long-term services and supports on Thursday afternoon. According to the Social Security Act, the community spouse’s minimum monthly maintenance needs allowance and the community spouse monthly housing allowance amounts must be adjusted annually to be effective July 1. Effective July 1, the minimum monthly maintenance needs allowance will be $2,288.75 in all states except Alaska and Hawaii. In Alaska, it will be $2,861.25, and in Hawaii, it will be $2,632.50. … For
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“Social Security Trust Funds Doing Better Than Last Year: Trustees Report,” by Melanie Waddell, ThinkAdvisor    Quote: “In its 2022 Annual Report to Congress, the Trustees announced: The asset reserves of the combined OASI and DI Trust Funds declined by $56 billion in 2021 to a total of $2.852 trillion. The total annual cost of the program is projected to exceed total annual income in 2022 and remain higher throughout the 75-year projection period. Total cost began to be higher than total income in 2021. Social Security’s cost has exceeded its non-interest income since 2010. The year when the combined trust
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” Is Slowed Walking a Sign Dementia Is Near?,” HealthDay    Quote: “If you’re a senior and walking to the mailbox takes longer than it used to, new research suggests you might want to ask your doctor to check your thinking skills. The study included nearly 17,000 adults over 65 and found those who walk about 5% slower or more each year and also had memory declines were the most likely to develop dementia.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Hustle!         Subscribe to GoldenCare News  
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  “How To Self-Insure For Long-Term Care Health Expenses (2022),” by David John Marotta, Forbes   Quote: “Each of us must make the decision either to self-insure for our long-term care or get long-term care insurance. Periodically, insurance salespeople have set up billboards suggesting that if your financial advisor does not recommend long-term care insurance you should sue them. However, we are not fans of long-term care insurance. … With 90% of people requiring 3 or less years of nursing home care, budgeting as though you will need three years of nursing home care should help ensure that you will
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  “Legacy Lessons Part 2: More Wisdom from Leaders in the Aging Field,” by Ken Dychtwald, Generations   Quote: “Last week we published the first half of excerpts from Ken Dychtwald’s 12 Legacy interviews. What follows here the second half.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: More age old wisdom from the aging Hall of Fame.         Subscribe to GoldenCare News  
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