“The cost of senior care: Why aging farmers fear the nursing home,” by Juliana Kim and Tim Evans, NPR “Long-term care insurance exists, but it’s deeply unpopular with older Americans. So, many seniors dip into their retirement or savings to get the care they need, while others apply for Medicaid, which has its own challenges. … Long-term care insurance is rife with its own problems, from complex underwriting to rising premiums. … Short-term care policies are a newer alternative to long-term care insurance, said Lance Boyer, a sales director at Farmers Union Insurance in North Dakota. But their benefits usually last no more
Read More

“Why home equity should be in the long-term care conversation,” by Chris Clow, HousingWire “Long-term care is emerging as a key concern for older Americans, especially since its costs will most likely need to be covered from a fixed income. … Citing data from the National Reverse Mortgage Lenders Association (NRMLA), senior-held home equity rose to more than $13 trillion in first-quarter 2024. Deploying this equity by converting it into liquid funds may be an option for the right person … .” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Blame Medicaid’s home equity exemption, over one million dollars in some
Read More

  “Massachusetts Long-Term Care Bill Passes After Efforts by Elder Advocacy Groups,” yahoo!finance “MassNAELA, an organization of elder and special needs law attorneys dedicated to raising awareness of issues concerning the elderly and those with special needs, joined with other elder organizations to advocate for the bill’s passage through the Massachusetts State Legislature. MassNAELA also advised legislators on the bill’s language and content.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: NAELA is the trade association of the Medicaid planners who artificially qualify affluent clients for LTC benefits consuming resources that should have been reserved for people
Read More

  “Study Reveals Long-Term Care Insurance Reduces Hospital Costs and Improves Care,” by Lisa Kuhns, First Report “Greater long-term care needs led to increased hospitalization costs of 5%. This is likely due to ‘social hospitalization,’ where people with disabilities stay in hospitals to receive care when other options are unavailable or inadequate. This issue has become increasingly pressing due to China’s rapidly aging population, with over 280 million people aged 60 and above by the end of 2022. However, the implementation of long-term care insurance helped counteract this effect. The insurance provides subsidies for home care and professional care services,
Read More