“Analyzing Long Term Care Insurance Prices,”Advisor Magazine Quote: “The cost for certain long-term care insurance policy designs has not changed significantly over the past five years according to the American Association for Long-Term Care Insurance. Long-Term Care Insurance Prices Compared, Costs 2016-2021 ‘For men, rates actually may have declined slightly from where they were five years ago,’ explains Jesse Slome, director of the long-term care insurance organization. ‘Policy costs for women are about the same until you add an inflation growth option, then there is a significant increase.’”     LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
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“Medicare and Dental Coverage: A Closer Look,” by Meredith Freed, Nancy Ochieng, Nolan Sroczynski, Anthony Damico, and Krutika Amin, Kaiser Family Foundation Quote: “Policymakers are now discussing options to make dental care more affordable by broadening dental coverage for people on Medicare. President Biden’s FY 2022 budget request includes as part of the President’s healthcare agenda “improving access to dental, hearing, and vision coverage in Medicare.” Senate Democrats recently announced an agreement to include Medicare expansions, including dental, vision, and hearing, as part of the budget reconciliation package, though details of the agreement have not yet been released. In 2019, the House of Representatives
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“Toomey Re-Introduces Measure to Make Long-Term Care Insurance More Affordable,” by Pat Toomey Quote: “U.S. Senator Pat Toomey (R-Pa.) is re-introducing a bill to increase the affordability of long-term care insurance. Senator Toomey’s Long-Term Care Affordability Act would allow individuals to pay up to $2,500 each year for long-term care insurance with their 401(k), 403(b), and IRAs without a tax penalty.”     LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Altogether too sensible a proposal to pass Congress, much less be signed by the current President.           Subscribe to GoldenCare News  
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“How much of a cut to social security benefits can you expect based on your age?,” by Robert Powell, USA Today Quote: “Come 2034, incoming revenues will be enough to pay about 76% of scheduled Social Security benefits, a 2020 Social Security Administration trustees report predicts. Given that, how might different generations plan for this? Should they plan for a 24% decline in their scheduled benefit? Should they not factor Social Security benefits into their retirement income plan at all? Or might they do something else.”     LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Never mind
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“Thousands of CalPERS members could get $30,000 or more in long-term care lawsuit settlement,” by Wes Venteicher, Sacramento Bee Quote: “CalPERS has agreed to pay up to $2.7 billion to settle a lawsuit over big price hikes the retirement system imposed on long-term care policyholders eight years ago, according to a Tuesday announcement. The proposed agreement, which requires a judge’s approval, would settle a class-action lawsuit policyholders filed in 2013. Several policyholders filed the lawsuit after receiving notices that their premiums would rise 85% in two increases in 2015 and 2016.”     LTC Comment, Stephen A. Moses, President, Center for
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“Great moments in unintended LTC consequences,” by Stephen A. Moses, McKnight’s LTC News Quote: “The year: 1965. The problem: People are living longer, dying slower and in desperate need of more long-term care. The solution: Provide Medicaid-financed nursing home care covering room and board as well as custodial and skilled care for anyone who can’t afford it otherwise and with no limit, for the first 15 years, on transferring assets to qualify. “Sounds like a great idea with the best of intentions. What could possibly go wrong?”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click
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