“10 Reasons Why Medicare Advantage Enrollment is Growing and Why It Matters,” by Tricia Neuman, Meredith Freed, and Jeannie Fuglesten Biniek, KFF “For the first time in Medicare’s history, more than half of all eligible people with Medicare, or 30.8 million people in 2023, are enrolled in private Medicare Advantage plans. Medicare Advantage plans are offered by private health insurance companies that receive payments from the federal government to provide Medicare-covered services. People with Medicare have a choice between traditional Medicare (sometimes called fee-for-service Medicare or Original Medicare) and Medicare Advantage plans. The growth in Medicare Advantage enrollment is driven by a
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“Silver lining: The U.S. workforce has more employees over 65 than ever before and it could mean great things for the bottom line,” by Alexa Mikhail, Fortune “The graying of the U.S. workforce is gaining momentum. A Pew Research survey found nearly a fifth of Americans age 65 and older were employed in 2023, nearly double the three decades prior. Employees 55 and older will constitute over a quarter of the global workforce by 2031, according to an analysis from Bain & Co. last year.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: With so many workers
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“Living longer is great! But we need reforms to reduce dependency – Long Term Care solutions,” by Dr. Marilyn M. Singleton, America Out Loud “Long term care may be in your future. Many people think that Medicare will pay for long term care of your choice indefinitely. Not true. Too many people end up on Medicaid with limited options. Planning can make it so your future is what you want it to be. My guest will discuss the reforms to reduce dependence on Medicaid and free up private financing to fix the LTC challenge. Steve Moses is president of the Center for
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“2024 Long-Term Care Insurance Facts – Prices – Data – Statistics – 2024 Reports,” by Jesse Slome, American Association for Long-Term Care Insurance “Most Popular Searched Topics – 2024 Information Click on the links to ‘jump’ to the specific data. Scroll DOWN for a complete listing.   NEW POLICY COST – 2024 Long-Term Care Insurance (AGE 65, Male – Female – Couples)   LOWEST & HIGHEST POLICY COSTS – Comparing 3 leading insurers- ages 55 & 65   CLAIMS PAID 2023 (2020-2023) – Total Amount – Number of Claimants”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Check out the latest
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“Record-Breaking $14.1 Billion Paid in Long-Term Care Insurance Benefits by Top Insurance Companies in 2023,” by James Kelly, LTC-News “In a remarkable milestone, top insurance companies disbursed an unprecedented $14.1 billion in Long-Term Care Insurance benefits in 2023. This record-breaking payout underscores the crucial role of Long-Term Care Insurance in providing financial security and quality care for policyholders.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Private LTC insurance benefits paid annually reached $14.1 billion in 2023, up $2.5 billion and 22% since 2020. While impressive, future gains will be much larger. Economic circumstances are coming
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