“Low pay, poor working conditions common for long-term care workers: report,” by Kathleen Steele Galvin, McKnight’s Senior Living Quote: “Low pay and poor working conditions are the norm for workers in long-term care, according to a report published Wednesday by the think tank Economic Policy Institute. … Their key findings: 9% of long-term care workers are women. 4% are Black women, and 12.8% are immigrant women. $15.22 is the median hourly pay rate, below the US median hourly wage of $20.07. 2% live in poverty, a higher percentage than the poverty rate for all workers (5.3%). 9% are covered by a union
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“​​​​​​​​​Asset Limit Changes for Non-MAGI Medi-Cal,” California Department of Health Care Services Quote: “Beginning July 1, 2022, a new law in California increased the asset limit for Non-Modified Adjusted Gross Income (Non-MAGI) Medi-Cal programs. Non-MAGI programs generally provide health care for seniors, people with disabilities, and individuals who are in nursing facilities, as well as some other specialty groups. The increased asset limits allow a larger number of applicants to become eligible for Medi-Cal benefits, and allow qualified beneficiaries to retain a larger amount of non-exempt assets and still be eligible for Medi-Cal. All other Non-MAGI Medi-Cal rules regarding the treatment of
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“Older adults’ home equity exceeds $11.12 trillion in first quarter: report,” by Kathleen Steele Galvin, McKnight’s Senior Living Quote: “Homeowners aged 62 or more years increased their home equity by the first quarter of 2022 by 4.9%, to a record $11.12 trillion, from the fourth quarter of 2021, according to the latest quarterly release from the National Reverse Mortgage Lenders Association, published Tuesday. That’s a difference of $520 billion. … Some older adults are using reverse mortgages to finance their moves to senior living communities.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Expect senior home equity to
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