“The Double-Edged Sword of Long-Term Care for Women,” Nasdaq   Quote: “Since there has been increased focus over the last decade on helping women specifically with their financial goals, Shawn Britt, technical director for the advanced consulting group at Nationwide Retirement Institute, examined in a blog post from Nationwide what has changed with the state of long-term care, and what changes have occurred that could affect women planning for retirement. … For more news, information, and strategy, visit the Retirement Income Channel.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Congratulations to Center-premium-member Shawn Britt for this important
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  “Reckoning with the growing demand for long-term care,” by Rainer Kotschy and David Bloom, VoxEU   Quote: “Existing healthcare structures are not designed to meet recipients’ long-term care needs and are ill-equipped for the looming surge in demand. Some countries have implemented social long-term care insurance to facilitate their citizens’ access to adequate care. However, even those systems face considerable challenges in light of population ageing, thus requiring extensive policy reform. Japan, for example, introduced a Long-term Care Insurance Program in 2000; by 2011, LTC expenditures had doubled from four to eight trillion yen, with government projections forecasting a
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  “Nursing homes sue over minimum staffing ratios, mandatory spending levels,” by Danielle Brown, McKnight’s LTC News    Quote: “Nonprofit New York nursing homes are taking action against the state in a push to overturn ‘illegal and unconstitutional’ policies that establish a minimum staffing requirement and spending mandates for providers. … The group is seeking a statewide preliminary and permanent injunction prohibiting the penalties being levied against nursing homes, and wants the regulations declared unconstitutional and illegal.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Déjà vu; seen this before. The federal government mandated improved long-term care,
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  “Why Every Company, Organization and Association Should Gather the Wisdom and Life Lessons of their Field’s Elders,” by Ken Dychtwald, Generations   Quote: “After providing funding and in partnership with ASA and 37 co-sponsoring organizations, during the late summer of 2021, I hosted and filmed (via Zoom) a series of 12 ‘Legacy Interviews’ with a diverse set of leading pathfinders. … Click here to watch all of the one-hour interviews. Read the Generations Now post featuring the second half of Dychtwald’s Legacy interviews next week.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Here’s your chance to learn from a
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  “Retiree Health Care Cost Estimate,” Advisor Magazine   Quote: “Fidelity Investments® today announced its 21st annual Retiree Health Care Cost Estimate, revealing that a 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and medical expenses throughout retirement. … The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services and long-term care.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: “No longer will older Americans be denied the healing miracle of modern medicine. No longer will illness crush and destroy the savings that they
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“Elder Law Guys: When long-term care is looming, there’s a short window to get financial affairs in order,” by Ulian Gray and Frank Petrich, Pittsburgh Post-Gazette   Quote: “Once Medicare stops coverage, the average daily cost of skilled care in Pennsylvania is over $480! Yes, under the current rules, the nursing home resident will be out-of-pocket over $14,000 a month. That puts a serious dent in your financial and retirement plan. There is relief through coverage under Medical Assistance (Pennsylvania’s Medicaid program). However, the rules are complex and financial eligibility is often difficult to obtain without the help of someone
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