The Industry Update Year End Event You Don’t Want To Miss!

   Join us for an exciting Industry Updates presentation! Our discussion will be centered around the year’s most stunning changes, current LTCi industry events, how proposed changes to tax deductions could transform the industry, insight on the Genworth / Oceanwide transaction and the potential impact should regulatory approval be denied. GoldenCare is honored to bring you one of the most influential and respected people in long-term care, Steve Moses! He will be joining us as our special guest speaker for this presentation. Be sure to register – this is a ONE TIME EVENT, and these seats will be going quickly!
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Interventions Unproven for Preventing Late-Life Dementia”

“Interventions Unproven for Preventing Late-Life Dementia,” by Alexandria Bachert, Med-Page Today “A new meta-analyses of four systematic reviews suggested that there is not enough definitive evidence on the link between physical activity, prescription medications, over-the-counter vitamins and supplements, or cognitive training interventions and preventing late-life dementia, reported Howard Fink, MD, MPH, also of the VA Health Care System in Minneapolis, and colleagues online in the Annals of Internal Medicine. ‘Overall the results didn’t show much benefit,’ Fink told MedPage Today. ‘Based on a comprehensive review of the medical literature, primarily focused on randomized controlled trials, but also based on a
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Categories: Industry News and Long-Term Care.

“Why Affluent Clients Need LTC Coverage”

“Why Affluent Clients Need LTC Coverage,” by Shawn Britt, Financial Advisor “Many clients—and some advisors—think that insuring for long-term care (LTC) is something that is primarily needed by the middle class and that more affluent clients can afford to “self-insure.” In truth, affluent clients should consider purchasing LTC coverage as well. For purposes of this paper, “affluent clients” will be considered singles with a net worth of $1.5 million to $4 million, and couples with a net worth of $3 million to $8 million. This client group, who can generally afford better health care, are more likely to deny the
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Categories: Industry News and Long-Term Care.

“Skilled nursing occupancy hits 5-year low”

“Skilled nursing occupancy hits 5-year low,” by Kimberley Marselas, McKnight’s LTC News “Occupancy at the nation’s skilled nursing facilities dropped to a five-year low of 81.6% during the third quarter of 2017, according to the Skilled Nursing Data Report published Thursday by the National Investment Center for Seniors Housing & Care. . . . While Medicare patient mix came in at a low of 12.2% percent — down from 15% in 2015 — Medicaid shares continue to increase. It hit its highest point within the last five years at 66.8% last quarter.” LTC Comment (from Stephen A. Moses, President, Center
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Categories: Industry News and Long-Term Care.

“Manulife exits the Long Term Care insurance market”

“Manulife exits the Long Term Care insurance market,” by Kate McCaffery, The Insurance and Investment Journal “Following in the footsteps of its U.S. subsidiary, Manulife Financial announced that it will cease selling new individual Long Term Care (LTC) insurance policies in Canada as of Nov. 30. The announcement, made via the company’s RepSource website, comes one year after it announced that John Hancock Life Insurance Co. would discontinue the sale of its own LTC policies in the United States. The company says the move will not impact any in-force individual disability or critical illness policies which include long term care
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Categories: Industry News and Long-Term Care.

“Don’t Count on FEHB to Cover Long-Term Care Costs”

“Don’t Count on FEHB to Cover Long-Term Care Costs,” FEDWeek “There is a common misconception that the Federal Employees Health Benefits program covers long-term care needs. In fact, long-term care is primarily not medical care and the benefits for such care under FEHB (or Medicare) are limited, covering only short periods and only certain types of care in some situations. FEHB plans don’t cover custodial care, a stay in an assisted living facility, or a continuing need for a home health aide to help you with other activities of daily living.” LTC Comment (from Stephen A. Moses, President, Center for
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Categories: Industry News and Long-Term Care.

“Genworth Posts LTCI Rate Hike Update”

“Genworth Posts LTCI Rate Hike Update,” by Allison Bell, ThinkAdvisor “Genworth Financial Inc. today told investors it’s continuing to get approvals from state insurance regulators for substantial long-term care insurance (LTCI) rate increases. The Richmond, Virginia-based insurer said it had received approvals for 75 increases by Sept. 30. That compares with an LTCI rate increase approval total of 96 for all of 2016, and 69 approvals for all of 2015.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Yikes, more rate hikes! But put this in context. Private insurers raise premiums in order to ensure they’ll be
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Categories: Industry News and Long-Term Care.

“Waiting Your Turn: Wait Times for Health Care in Canada, 2017 Report”

“Waiting Your Turn: Wait Times for Health Care in Canada, 2017 Report,” Fraser Institute “Waiting for treatment has become a defining characteristic of Canadian health care. In order to document the lengthy queues for visits to specialists and for diagnostic and surgical procedures in the country, the Fraser Institute has—for over two decades—surveyed specialist physicians across 12 specialties and 10 provinces. This edition of Waiting Your Turn indicates that, overall, waiting times for medically necessary treatment have in-creased since last year. Specialist physicians surveyed report a median waiting time of 21.2 weeks between referral from a general practitioner and receipt
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Categories: Industry News and Long-Term Care.

“Married and protecting assets from Medicaid | Biz Brain”

“Married and protecting assets from Medicaid | Biz Brain,” by Karin Price Mueller, NJMoneyHelp “Q. Is it possible for a married couple to somehow separate their assets so that if one of them ends up in a nursing home, the other’s assets will not be tapped? Or are there other legal solutions to this horrible scenario? — Planning A. We’re so glad you’re asking rather than deal with this challenge should you or your spouse ever need care. Let’s talk Medicaid.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Consider this short, inadequate column on the
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Categories: Industry News and Long-Term Care.