“Most Seniors Will Need Long-Term Care. Here’s How to Save for It,” Barron’s “Imagine you knew that 80% of the homes in your neighborhood would eventually suffer damage in a storm—but less than 4% of them had insurance that would protect them against a potentially catastrophic expense. This lopsided risk scenario is similar to how unprepared Americans are when it comes to long-term care. A 2021 report by the Center for Retirement Research at Boston College found that around 80% of 65-year-olds will need some measure of long-term care and support services in their later years. Yet only 3.1% of Americans have a long-term
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“Experts create new vision for senior living,” by Kimberly Bonvissuto, McKnight’s Senior Living “Unconstrained by the parameters of the traditional long-term care model, a group of experts has developed a new vision of eldercare that they say is customizable, person-centered and coordinated. At the Center for Innovation’s 2023 conference this summer, C-suite leaders were challenged to build the aging support system of their dreams, ignoring today’s assisted living, memory care, nursing home and other long-term care models. Their vision is laid out in a new white paper, ‘Beyond Nursing Homes.’”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Don’t bother. This is
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“Minnesota Tops New AARP Long-Term Care Scorecard; Other States Lag Behind,” by Bruce Horovitz, AARP   Policy Suggestions “At issue: The long-term care system has mostly failed to rebound even more than three years after COVID-19 began. This is the first LTSS Scorecard that crunches data — using a variety of publicly available sources, such as the Centers for Medicaid and Medicare Services, the Census Bureau’s American Community Survey and the Bureau of Labor Statistics — from the very height of the pandemic and beyond. Even as the cost of home care has greatly increased, the availability and quality of direct care
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