“Long-term care facilities as a risk factor in death from COVID-19”

“Long-term care facilities as a risk factor in death from COVID-19,” by Neil Gandal, Matan Yonas, Michal Feldman, Ady Pauzner, and Avraham Tabbach, Vox Quote: “COVID-19 deaths rates vary widely across European countries, from as low as 5 deaths per million in Slovakia to as high as 760 deaths per million in Belgium (as of May 13). Using data on 32 countries from the WHO European Health Information Gateway, this column shows that the COVID -19 death rate is higher in countries with more long-term care beds. This provides evidence that living in long-term care facilities is a significant risk factor
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Are Your Long-Term Care Plans Putting You in Danger?”

“Are Your Long-Term Care Plans Putting You in Danger?,” by John Grobe, FedSmith Quote: “Ask yourself: do you want to spend your last years at the Trail’s End Nursing Home, where close proximity to other elderly people will result in you dying earlier than you might otherwise have died? Here are some things to consider: If you currently have, or are considering getting, long-term care insurance, you probably want to have a policy that includes the option of receiving care at home. Many LTC providers offer ‘facility only’ plans which are less expensive than ‘comprehensive’ plans that cover home based
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Categories: Clippings, Industry News, and Long-Term Care.

“The Future of Nursing Homes in the Post-COVID-19 Era”

“The Future of Nursing Homes in the Post-COVID-19 Era,” by Robert Mauterstock, The Street Quote: “What have we learned from Kirkland and nursing homes around the country? – Nursing homes are very vulnerable to people bringing in the virus from the outside – Nursing home residents are the most vulnerable population for COVID-19 – Nursing home residents are easy targets for the fast spread of the virus – The death rate is very high among the elderly population. (According to the CDC, 8 out of 10 deaths reported in the U.S. are people over age 65)” LTC Comment (from Stephen
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Older adults concerned about retirements, look to alternatives to pad portfolios: surveys”

“Older adults concerned about retirements, look to alternatives to pad portfolios: surveys,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “The top financial regret for Americans concerning COVID-19 is not having saved enough for emergencies (23%), followed by not having enough retirement savings (20%), too much debt (17%) and lack of income stability (14%). Only 7% cited living beyond their means as a top regret. Not enough retirement savings was the top regret for those aged more than 55 years. … Despite the number of seniors concerned about their futures, 89% said in April they were confident they had enough funds
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Categories: Clippings, Industry News, and Long-Term Care.

“Surprise: Unhealthy lifestyle tied to Alzheimer’s risk”

“Surprise: Unhealthy lifestyle tied to Alzheimer’s risk,” by Alicia Lasek, McKnight’s LTC News Quote: “A combination of healthy lifestyle behaviors is tied to substantially lower risk for developing Alzheimer’s disease, finds a new study. … When compared to participants who followed only one or two of these behaviors [physical activity, not smoking, light-to-moderate alcohol consumption, a high-quality diet, and cognitive activities], risk was found to be 37% lower in participants who followed two to three behaviors. And risk was further reduced — by 60% — in those who reported adhering to at least four healthy lifestyle factors.” LTC Comment (from
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Categories: Clippings, Industry News, and Long-Term Care.

“Why the coronavirus has taken so many lives in US nursing homes”

“Why the coronavirus has taken so many lives in US nursing homes,” by Dylan Scott, Vox Quote: “America has done a poor job funding and overseeing long-term care for decades, and there had not been adequate emergency planning for a crisis like the US is experiencing now with the coronavirus. And once the virus got here, the lack of a national strategy to ramp up Covid-19 testing in nursing homes and to provide protective equipment to staff made it easier for the virus to spread in these densely populated settings. Some state-level policy decisions, particularly to transfer recently recovered Covid-19
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“What to Consider Before Moving a Parent Into Assisted Living During COVID-19”

“What to Consider Before Moving a Parent Into Assisted Living During COVID-19,” by Andrea Cooper, Next Avenue   Quote: “Moving a parent into assisted living is an emotional decision in normal times. These days, families have to make especially complex calculations in the shadow of a virus that’s proven especially lethal for elders. About 45% of all COVID-19 deaths in the U.S. have occurred in long-term care facilities, according to The Kaiser Family Foundation. Most of the widely reported outbreaks have been in nursing homes, which differ substantially from assisted living communities. … Concerns about moving into assisted living in 2020
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“The Road Map to Maximizing Long Term Medicaid Coverage During the COVID-19 Emergency”

“The Road Map to Maximizing Long Term Medicaid Coverage During the COVID-19 Emergency,” by Nancy Levitin and Gregory Choi, Provider   Quote: “For now, applicants and their representative need only attest to the fact that the financial eligibility criteria of New York’s Medicaid program are met to qualify for medical assistance. Facility representatives can now sign applications on behalf of their residents and simply note that they are signing ‘due to the COVID-19 Emergency.’ … Any loss of Medicaid eligibility during the COVID-19 Emergency should be challenged, and a request made for coverage to be retroactively restored. … Additionally, the CARES Act
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“COVID-19 pandemic encourages consumers to plan for long-term care: survey”

“COVID-19 pandemic encourages consumers to plan for long-term care: survey,” by Kimberly Bonvissuto, McKnight’s Senior Living   Quote: “The COVID-19 pandemic served as a wake-up call to Americans about their mortality, inspiring three out of four adults to make changes for a better future — including saving to pay for future long-term care in the setting of their choice, according to a new Genworth Financial survey. Genworth’s COVID-19 Consumer Sentiment Survey of 1,000 adults aged 18 or more years from across the country looked at the effects of COVID-19 on Americans’ lives and what they think about long-term care and financial security.
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Misconceptions about Paying for Long-term Care Part 2 of 3”

“Misconceptions about Paying for Long-term Care Part 2 of 3,” by Tammy Weber, Marshall, Parker & Weber, LLC   Quote: “Misconception #2:  “The nursing home takes my residence if I want Medicaid” The personal residence is considered an exempt resource for Medicaid purposes as long as the Medicaid applicant expresses an intent to return to that residence and the equity value of the residence does not exceed $595,000.00 (2020), or the applicant’s spouse or dependent relative lives in the residence and the equity value is below the maximum amount.  An exempt resource means that the value of the residence is
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Categories: Clippings, Industry News, and Long-Term Care.