“Notice of Federal Long Term Care Insurance Program (FLTCIP)–Suspension of Applications for FLTCIP Coverage”

“Notice of Federal Long Term Care Insurance Program (FLTCIP)–Suspension of Applications for FLTCIP Coverage,” InsuranceNewsNet Quote: “The U.S. Office of Personnel Management (OPM) is announcing a suspension of applications for Federal Long Term Care Insurance Program (FLTCIP) coverage. … The suspension period will begin on December 19, 2022. The suspension period will remain in effect for 24 months from the date the suspension period begins. … OPM is suspending applications for coverage in FLTCIP to allow OPM and the FLTCIP Carrier to assess the benefit offerings and establish sustainable premium rates that reasonably and equitably reflect the cost of the benefits provided, as
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Categories: Clippings and Industry News.

“Changes In The LTC Industry Call For Advance Planning By Seniors Who Intend To Age In Place”

“Long-term-care law might be changing again, and solvency is sought,” by Elizabeth Hovde, Washington Policy Center Quote: “LTC is experiencing the perfect storm. Just when the industry is rebalancing and shifting away from institutional care, the number of caregivers is decreasing. The trend began several years ago, but the impact was obvious only recently. Greater competition for limited services, new minimum wage laws, and inflationary pressures have been driving up prices. Home health care costs rose 12.5% in 2021 alone, increasing more than the CPI, and exceeding the popular 3% inflation option on long-term care insurance (LTCI) policies that had
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Categories: Clippings and Industry News.

“Long-term-care law might be changing again, and solvency is sought”

“Long-term-care law might be changing again, and solvency is sought,” by Elizabeth Hovde, Washington Policy Center Quote: “Is WA Cares, the state’s mandatory long-term-care program, complete with a burdensome payroll tax that’s supposed to pay its way, solvent? Maybe. Will the law be changed to make the program benefit portable? Kinda — and only maybe. Are eligibility qualifications changing? They could be. Will recertification be required of the 476,000-plus people who were exempted from the program so far? Almost certainly. Buckle up: Thursday’s Long-Term Services and Supports (LTSS) Trust Commission meeting was issue-packed. Commissioners went over a new actuarial report, solvency predictions and a
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Categories: Clippings and Industry News.

“Long-Term Crisis: The Case for Reforming Medicaid ‘Personal Care’ in New York”

“Millennials Are Asking About Long-Term Care,” by Brett Stein, ThinkAdvisor Quote: “New York’s Medicaid program spends roughly $12 billion per year on in-home ‘personal care’ for the elderly and disabled — nearly as much as the other 49 states combined. The state’s per capita personal care spending is eight times higher than the national average. New York employs 138 home health aides per 1,000 residents over 65, which is more than double the national average. In New York City, the rate is 236 per 1,000. Home health aides accounted for two-thirds of the state’s net job growth over the past
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Categories: Clippings and Industry News.

“Millennials Are Asking About Long-Term Care”

“Millennials Are Asking About Long-Term Care,” by Brett Stein, ThinkAdvisor Quote: “Millennials are starting to draw up wills. Conversations about wills can lead to conversations about old age. Conversations about old age can lead to thoughts about the cost of long-term care.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Will Millennials plan for LTC better than Boomers? Not likely as long as the reason Boomers ignored LTC risk and cost remains in place. What reason is that? Government picks up the tab for catastrophic care costs if and when they occur, rewarding consumers for ignoring
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Categories: Clippings and Industry News.

“White House to extend PHE designation through April, reports say”

“White House to extend PHE designation through April, reports say,” by James M. Berklan, McKnight’s LTC News Quote: “The federal government will extend the COVID-19 public health emergency declaration until at least April, according to published reports. … The emergency status will extend beyond January in order to allow more time to transition off of the vast federal assistance, according to an unnamed administration official cited in a Reuters report Friday.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: The PHE designation give states a windfall of federal money and keeps ineligible recipients on Medicaid, but it’s a
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Categories: Clippings and Industry News.

“Medicare Advantage 2023 Spotlight: First Look”

“Medicare Advantage 2023 Spotlight: First Look,” by Meredith Freed, Jeannie Fuglesten Biniek, Anthony Damico, and Tricia Neuman, Kaiser Family Foundation Quote: “Over the last decade, Medicare Advantage, the private plan alternative to traditional Medicare, has taken on a more prominent role in the Medicare program. In 2022, more than 28 million Medicare beneficiaries are enrolled in a Medicare Advantage plan, nearly half of the total Medicare population. This brief provides an overview of the Medicare Advantage plans that are available for 2023 and key trends over time. (A separate overview of the 2023 Medicare Part D marketplace is also available.)”   LTC Comment,
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Categories: Clippings and Industry News.

“New insurance frontier may be opening to well-positioned providers”

“New insurance frontier may be opening to well-positioned providers,” by Kimberly Marselas, McKnight’s LTC News Quote: “Some 81% of long-stay nursing home residents are dually eligible for Medicaid and Medicare coverage, yet the facilities they call home have rarely played a role in providing their health insurance. But analysts at healthcare research and consulting firm ATI and the SNP Alliance say an approaching regulatory transition presents a key opportunity for more skilled nursing providers to participate in and potentially offer special needs plans designed for dual-eligible individuals.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: More
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Categories: Clippings and Industry News.

“Turkey, Pumpkin Pie and the Long-Term Care Conversation: LTCI Insider”

“Turkey, Pumpkin Pie and the Long-Term Care Conversation: LTCI Insider,” by Margie Barrie, ThinkAdvisor Quote: “The holiday might be a time for adult children, nieces and nephews to ask questions. Home maintenance, bill-paying and scams should be on the agenda. You could host part of the conversation.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Sound advice from one who knows.       Subscribe to GoldenCare News  
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Categories: Clippings and Industry News.

“States’ use of LTSS varies widely for dual-eligible adults with dementia”

“States’ use of LTSS varies widely for dual-eligible adults with dementia,” by Alicia Lasek, McKnight’s LTC News Quote: “Some state differences were stark. The use of any form of LTSS for dual-eligible beneficiaries with dementia ranged from 61% in Maine to 96% in Montana. Home-based service use ranged from 9% in Maine, Arizona and South Dakota, to 62% in Oregon, for example. And although nursing facilities topped the LTSS list of service type in most states, home-based services had greater utilization in not only Oregon, but in Alaska and California as well, the researchers found. Many states have sought to
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Categories: Clippings and Industry News.