“What Happens To Long-Term Care If Trump Remakes Medicare and Medicaid?,” by Howard Gleckman, Forbes

“Who will pay for the roughly one of every seven seniors who will incur long-term care costs in excess of $250,000? In today’s system, the answer for many is Medicaid. But, remember, Trump wants to cut the federal share of that program. An alternative: a universal public catastrophic insurance program that would shift some of the burden from Medicaid. My colleagues at the Urban Institute estimate that such a program could reduce Medicaid LTSS costs for those over 65 by one-third. And the insurance industry backs the idea.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Industry News and Long-Term Care.

“My Last Patient,” by David Scheiner, Chicago

“The long-term-care insurance we’d bought a while back paid for a nursing aide for 12 hours a day; she came from 7 a.m. to 7 p.m. I took care of Margaret for the other 12 hours, with the help of Margaret’s two daughters, Valerie and Michelle. But I was on call 24/7. I even placed a baby monitor next to Margaret’s bed so that I could be at her side at a moment’s notice.  …  The fact is, even with the best care and the best insurance, there’s not a system in place in this country to properly manage the
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Categories: Industry News and Long-Term Care.

Study Finds Americans — Including Millennials — are Dying Faster

Turn to an actuary to determine when we will die? The Society of Actuaries’ (SOA) recently published their annual “Mortality Improvement Scale MP 2016,” study which finds Americans—including Millennials—are dying faster… our projected longevity is shorter than last year. For example, the life expectancy for a 65-year-old is six months shorter than last year’s actuarial study. Younger Americans’ longevity has also been shortened this year. The 25-year-old woman that last year had a 50/50 chance of reaching 90 is projected to fall approximately six months short of the longevity estimate this year. A 25-year-old man’s longevity estimate dropped approximately nine
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Categories: Industry News.

“Harvard study: Elderly demographics will crush existing housing and service options,” by John O’Connor, McKnight’s Senior Living

“The nation’s surging elderly population will create unprecedented demand for affordable housing and service options within two decades, a Harvard University study asserts. In fact, rising needs will far outstrip current capacity on both fronts, according to ‘Projections and Implications for Housing a Growing Population: Older Adults 2015-2035.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A big problem and getting worse every day, but as usual, this report recommends only more government spending to address deficiencies created by excessive government spending.  Read its executive summary here.  Harvard study: Elderly demographics will crush existing housing and
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Categories: Industry News and Long-Term Care.

“Finally, Giving The Poor Access To Good Health Insurance,” by Merrill Matthews, Forbes

“Both House Speaker Paul Ryan and Price want to replace Obamacare subsidies with refundable tax credits—which would essentially function like a federal subsidy—for people who do not have access to employer-provided health insurance, Medicare, Medicaid or VA coverage. But under legislation introduced by Price in 2015 (see section 102), a person in a government-run program such as Medicaid could opt out and take the tax credit instead.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is the solution for the ¾ of Medicaid recipients who account for 1/3 of the program’s cost, i.e. poor women
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Categories: Industry News.

“Caring For A Loved One At Home Can Have A Steep Learning Curve,” by Taunya English, Kaiser Health News

“About 44 million Americans are unpaid family caregivers like Bobo — sometimes for a child with special needs, more often for a frail older adult, according to a 2015 estimate from the National Alliance for Caregiving. They are often women with a full-time job and children, though now 40 percent of caregivers are men, and millennials are becoming more involved in caring for someone at home, says John Schall, CEO of the Caregiver Action Network. ‘In too many cases, people just learn this stuff by themselves and that’s really kind of dangerous,’ Schall said.” LTC Comment (from Stephen A. Moses,
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Categories: Industry News and Long-Term Care.

Good News | Consumer Videos Now on YouTube

Check it out – Consumer videos now on YouTube Looking for an easy way to access and share our consumer videos? You’re in luck! Check out Securian’s YouTube channel to view some of our most popular videos, including: • Benefits of Term Life Insurance • Benefits of Permanent Life Insurance • Understanding Cash Value Life Insurance • Life Insurance as a Financial Tool (LIFT) Overview Don’t forget to subscribe to Securian’s YouTube channel, so you never miss out on our latest video updates! Check it out – Client videos now on YouTube Click here to add Minnesota Life/Securian products to
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Sentinel Holiday Office Hours

It’s that time of year again when snow falls and eggnog becomes the drink of choice! In an effort to serve you best, we would like to announce our holiday office closures for the rest of 2016. Thursday, December 15, 2016 — Our offices will close at noon for our annual holiday party. we will resume normal business hours Friday, December 16, 2016. Commissions will be paid as normal. Monday, December 26, 2016 — Our offices will be closed all day. We will resume normal business hours on Tuesday, December 27, 2016. Commissions will be paid as normal. Monday, January
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Categories: Industry News and Sentinel Security Life.

Omaha Toll-Free Phone Line Outage

Tuesday, December 13, 2016 1:24 p.m. Due to an outage with our telephone service provider, Mutual of Omaha’s toll free service lines are down. There is no ETA for service to be restored. Email and direct phone lines are still operating normally. We apologize for the inconvenience and will provide updates as we have them. Special Note: There is no impact to phone lines for Mutual of Omaha’s Long-Term Care Service Office. #goldencareagent #MutualOfOmaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).