“China Oceanwide Is ‘Progressing Well’ Toward Getting Deal Funding: Genworth,” by Allison Bell, ThinkAdvisor Quote: “Genworth Financial said Monday that it’s going to keep moving forward with efforts to be acquired by China Oceanwide Holdings Group Co. Ltd., because it believes China Oceanwide has provided satisfactory information about its deal funding efforts.”     LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The saga continues.    
Read More

“Why you need to talk to your parents about how they want to die,” by Mary Elizabeth Williams, Salon   Quote: “It wasn’t easy when I found myself without any guideposts or preparation for handling my mother’s care, but it wasn’t a surprise either. We had been estranged for several years beforehand, so when I got the call at last this summer, it was merely the crap tornado I’d been long bracing for. My sole comfort in all of it was the knowledge we’d have no such messiness when it came to my mother-in-law. It turned out I was wrong.”     LTC
Read More

“Bonnie Kraham column: 2020 rates for Community Medicaid and Nursing Home Medicaid,” by Bonnie Kraham,RecordOnline Quote: “The Medicaid Asset Protection Trust protects assets from nursing home costs and home care after the assets are in the trust for the required amount of time. Despite strict Medicaid rules, it is almost never too late to save money from long-term care costs using spousal refusal for married couples or the gift and loan strategy that may save half of a single person’s assets. Consulting an elder law attorney when faced with a Medicaid application is essential.”     LTC Comment (from Stephen A. Moses,
Read More

“Does Medicare cover long-term care?,” Medicare Rights Center (MRC) Quote: “Medicaid is a state and federal program that provides health coverage if you have a limited income. Medicaid is the country’s largest payer of LTC services and will pay for nursing home care. Medicaid benefits also coordinate with Medicare.”     LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): That’s how the MRC answers this question: “Will Medicare cover the long-term care services that we may need? If not, where can we find help accessing and paying for long-term care?” Some naïve people finally got around to
Read More