“COVID Cases, Deaths Plummet in Nursing Homes After Vaccine Rollout”

“COVID Cases, Deaths Plummet in Nursing Homes After Vaccine Rollout,” by Robin Foster and Ernie Mundell, HealthDay   Quote: “In a hopeful turnaround during a long pandemic, U.S. nursing homes that were once the epicenter of coronavirus infections are now seeing both cases and deaths fall steeply as the country’s vaccination rollout starts to take hold. … The downward trend in deaths was even more heartening: Even as fatalities spiked overall this winter, deaths inside nursing homes have dropped by more than 65 percent.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Turning the corner.  
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Categories: Clippings, COVID-19, and Industry News.

“Why Some ‘Super Ager’ Folks Keep Their Minds Dementia-Free”

“Why Some ‘Super Ager’ Folks Keep Their Minds Dementia-Free,” by Amy Norton, HealthDay   Quote: “Researchers may have uncovered a key reason some people remain sharp as a tack into their 80s and 90s: Their brains resist the buildup of certain proteins that mark Alzheimer’s disease. The study focused on what scientists have dubbed ‘super agers’ — a select group of older folks who have the memory performance of people decades younger. Compared with older people who had average brain power, super agers showed far less evidence of ‘tau tangles’ in their brains, the researchers found.”   LTC Comment, Stephen
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Categories: Clippings, COVID-19, and Industry News.

“As Nursing Homes Lose Patients to Home Health During COVID, Past Shifts Show Path Forward”

“As Nursing Homes Lose Patients to Home Health During COVID, Past Shifts Show Path Forward,” by Alex Spanko, Skilled Nursing News  Quote: “The size and permanence of a COVID-era shift to home health has emerged as a top metric to watch in post-acute and long-term care in 2021. … On the flip side, investment analysts and top real estate investment trust (REIT) landlords are banking on a return to normal patient volumes as they look for any signs of financial tailwinds for the year ahead.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Are we “rebalancing” or
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Categories: Clippings, COVID-19, and Industry News.

“MA Members Could See High Out-of-Pocket Costs For COVID-19”

“MA Members Could See High Out-of-Pocket Costs For COVID-19,” by Hannah Nelson, HealthPayerIntelligence  Quote: “High out-of-pocket costs may dissuade some Medicare Advantage beneficiaries from seeking COVID-19 care as payers eliminate cost-sharing waivers, according to a new American Journal of Preventive Medicine study that calls for legislation to mandate insurers cover hospitalizations from the virus. While most payers currently cover COVID-19 hospitalization costs in full for Medicare Advantage (MA) beneficiaries, some insurers have started to roll back cost-sharing waivers, which may suggest that coverage for COVID-19 hospitalizations is on its way out.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Sure, if the government
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Categories: Clippings, COVID-19, and Industry News.

“One of Ten in U.S. May Have to Switch Occupations Post Pandemic”

“One of Ten in U.S. May Have to Switch Occupations Post Pandemic,” by Rich Miller, Bloomberg  Quote: “One out of every ten U.S. workers — about 17 million, all told — will likely be forced to leave their jobs and take up new occupations by 2030 as Covid-19’s after-effects destroy huge swathes of low-paying positions in a labor market that was primed for disruption before the pandemic. Women, minorities, the young and the less educated will probably be the hardest hit by what consultant firm McKinsey & Co. foresees in a new report as an unprecedented hollowing out of low-wage work in
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Categories: Clippings, COVID-19, and Industry News.

“Advantages, Disadvantages and Considerations for LTC Policy Buyouts”

 “Advantages, Disadvantages and Considerations for LTC Policy Buyouts,” by Jeff Anderson and Mike Bergerson, Long Term Care News   Quote: “The remainder of this article will explore the advantages and disadvantages of LTC policy buyouts from various stakeholder perspectives and discuss actuarial considerations for a carrier thinking about offering a buyout option.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: I attended a fascinating webinar today sponsored by Morgan Lewis and titled “Demystifying Cash Buyouts of Long-Term Care Insurance Policies.” My interest triggered, I did some research and found the subject article. It covers most of
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Categories: Clippings and Industry News.

“Improving the Long-Term Care Insurance Customer Experience”

“Improving the Long-Term Care Insurance Customer Experience,” by Peter Goldstein, ThinkAdvisor   Quote: “Over the past decade, life insurers and financial services firms have begun investing in a variety of capabilities meant to improve their customers’ experience. These include mobile apps and self-service portals designed to help people manage their policies and assets. Yet the long-term care insurance (LTC) insurance industry has been slow to make the same investments for a variety of reasons. … New technologies certainly have the potential to streamline key processes involved in LTC insurance, including application processing, underwriting and claim payments. To enable this shift, many LTC insurers are turning
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Categories: Clippings and Industry News.

“The situation is dire’: Provider group seeks $5 billion in COVID relief for senior living”

“‘The situation is dire’: Provider group seeks $5 billion in COVID relief for senior living,” by Lois A. Bowers, McKnight’s Senior Living   Quote: “The next COVID-19 relief package from the federal government must include $5 billion in funding for assisted living, independent living, memory care and continuing care retirement communities to help with personal protective equipment, staff and testing needs, Argentum said Friday. … To date, assisted living providers have been promised $3 billion, or 1.7%, of the total Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund, and have received even less, Argentum said. By comparison,
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Categories: Clippings, COVID-19, and Industry News.

“Covid Has Black Americans Thinking More About Financial Planning”

“Covid Has Black Americans Thinking More About Financial Planning,” by Jacqueline Sergeant, Financial Advisor Quote: “Nearly three-quarters (74%) of Black consumers indicated that they are planning to make permanent changes to the way they spend and save. Seventy-five percent also are thinking and planning for their financial future differently. … Black consumers also are more likely to think now is a good time to purchase a financial product that protects their investments against market downturns (28%) and offers protected lifetime income (31%). They also are interested in purchasing a long-term care insurance policy (26%), increasing coverage on an existing life
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Categories: Clippings and Industry News.

“MA Enrollment in Plans With Extra Benefits for Chronically Ill Tripled in 2021”

“MA Enrollment in Plans With Extra Benefits for Chronically Ill Tripled in 2021,” by Robin Duddy-Tenbrunsel, Avalere Quote: “New analysis of 2021 benefits and enrollment from Avalere finds that 787 MA plans offered by 44 parent organizations are providing special supplemental benefits for the chronically ill (SSBCI) in 2021. Those plans represent 16% of all analyzed MA plans. A majority (86%) of the total Medicare beneficiary population live in counties where at least 1 MA plan that offers at least 1 type of SSBCI is available. Overall, in 2021, 15% of enrollees in non-employer MA plans are enrolled in plans
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Categories: Clippings and Industry News.