“80 is the mean age for long-term care insurance claims, study finds”

  “80 is the mean age for long-term care insurance claims, study finds,” by Kathleen Steele Galvin, McKnight’s Senior Living    Quote: “An analysis of 5,439 long-term care insurance policy holders found that 80 is the mean age at which a claim is filed, according to a report published Friday by the American Association for Long-Term Care Insurance. … The mean amount paid per claimant to date was $142,043, but the largest claim was $1.9 million, [AALTCI president Jesse Slome] said.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: The front cusp of the baby boom turns 80
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Categories: Clippings, Industry News, and Long-Term Care.

“Hospital discharge pressures build as nursing homes clamor for help”

  “Hospital discharge pressures build as nursing homes clamor for help,” by Danielle Brown, McKnight’s LTC News    Quote: “Increased COVID-19 case counts at nursing homes nationwide have prevented hospitals from discharging patients into skilled nursing facilities due to a lack of beds. The inability of nursing homes to take patients ready to leave hospitals amid the current COVID-19 wave is underscoring skilled nursing’s “essential” role in the care continuum, experts said Monday.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Dominant government funding of hospitals and nursing homes through Medicare and Medicaid denies the long-term care
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Categories: Clippings and Industry News.

“The $84T Wealth Transfer Underway Now, by the Numbers: Cerulli”

  “The $84T Wealth Transfer Underway Now, by the Numbers: Cerulli,” by Michael S. Fischer, ThinkAdvisor    Quote: “Between now and 2045, multigenerational wealth transfer in the U.S. will total $84.4 trillion, with $72.6 trillion in assets going to heirs and $11.9 trillion donated to charities, according to projections in a new report from Cerulli Associates. … See the gallery for five more of Cerulli’s projections of how the massive wealth transfer will play out over the next two decades.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Wasn’t it just yesterday we wondered what baby boomers would do with the
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Categories: Clippings and Industry News.

“California Is Planning to Eliminate the Asset Test for Medicaid Applicants”

  “California Is Planning to Eliminate the Asset Test for Medicaid Applicants,” ElderLawAnswers     Quote: “California is in the process of removing the asset test for all Medicaid (Med-Cal) programs. … In addition, if California’s implementation is successful, other states may follow suit and pass similar measures. As the elimination of the asset test for Medi-Cal is new and unique to California (for now), an individual would need to create a new plan if they moved states, and also be prepared if federal approval, once obtained, were revoked or the law modified in the future.”   LTC Comment, Stephen A.
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Categories: Clippings and Industry News.

“What’s next for beleaguered WA long-term care program?”

  “What’s next for beleaguered WA long-term care program?,” by Melissa Santos, Crosscut    Quote: “Nina Valerio and her husband, Joseph Scott, thought they were planning ahead by buying private long-term care insurance more than two decades ago. The Seattle couple, both retired university professors, said they have paid their monthly premiums without fail. Yet now that Joe, 86, needs help paying for nursing care, they said their long-term care insurance company has repeatedly delayed or denied their requests for benefits.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: So begins this relatively long update on
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Categories: Clippings, Industry News, and State LTC Programs.

“The big Medicare Advantage players keep getting bigger”

“The big Medicare Advantage players keep getting bigger,” by Bob Herman, Axios    Quote: “The bottom line: Health insurers are fighting to attract seniors who continue to flood into the MA market, but problems surrounding MA’s coding and excessive payments to insurers remain unresolved.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: MA update.             Subscribe to GoldenCare News  
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Categories: Clippings and Industry News.

“House panel votes to delay Washington’s long-term care tax to 2023”

“House panel votes to delay Washington’s long-term care tax to 2023,” by Laurel Demkovich, The Spokesman-Review    Quote: “A House panel has voted to delay the long-term care tax until 2023. On a 31-2 vote, a House committee approved a bill Thursday to delay the implementation of the tax. On a 23-10 vote, it also approved a bill that would create voluntary exemptions of the tax for veterans, spouses of military members, nonimmigrant temporary workers and employees who work in Washington but live outside the state. Both bills still need to pass the full House and the Senate before becoming
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Categories: Clippings and Industry News.

“BREAKING NEWS: Supreme Court stays OSHA vaccinate-or-test mandate for large private business”

“BREAKING NEWS: Supreme Court stays OSHA vaccinate-or-test mandate for large private business,” by Kimberly Bonvissuto, McKnight’s Senior Living    Quote: “The Supreme Court on Thursday blocked the Biden administration’s vaccination-and-testing rule for large businesses but upheld a separate federal COVID-19 vaccination mandate geared toward healthcare workers. The High Court ruled 6-3 against the Occupational Safety and Health Administration’s employer mandate, blocking it from going into effect while the case is reviewed in the 6th Circuit Court of Appeals. … The Court ruled 5-4 to keep the CMS vaccination mandate for healthcare workers, which affects some 17 million healthcare workers at more than 77,000 providers,
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Categories: Clippings and Industry News.

“National Medicare Insurance Industry Conference Acquired: Connectiv Holdings and Insurance Forums Acquire National Medicare Insurance Industry Conference”

“National Medicare Insurance Industry Conference Acquired: Connective Holdings and Insurance Forums Acquire National Medicare Insurance Industry Conference,” American Association for Medicare Supplement Insurance    Quote: “Two highly regarded, insurance industry focused companies announced today the acquisition of the National Medicare Insurance Industry Conference created by the American Association for Medicare Supplement Insurance. The annual conference is recognized as the leading national event for the Medicare Supplement industry. First held in 2006, the conference brings together those active in the pricing, administration, marketing and selling of Medicare insurance solutions and in recent years has included many important companies in the broader Medicare
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Categories: Clippings and Industry News.

“Webinar on HCBS Settings Regulation: Where Are We Now and Where Are We Going”

“Webinar on HCBS Settings Regulation: Where Are We Now and Where Are We Going,” Administration for Community Living and Centers for Medicare and Medicaid Services    Quote: “The Administration for Community Living and Centers for Medicare and Medicaid Services invite you to a webinar in our Promising Practices Series: The Home and Community-Based Services (HCBS) Settings Regulation: Where Are We Now and Where Are We Going on Thursday, January 27 from 4:00 PM EST – 5:30 PM EST. Register for the webinar.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click through for the details if
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Categories: Clippings and Industry News.