“NIC report: Occupancy down, managed Medicare use up in skilled nursing facilities,” by Mongan, McKnight’s LTC News

“The report, unveiled last week as part of the group’s Skilled Nursing Data Initiative, saw occupancy rates drop from just under 85% in October 2011 to 82.8% in December 2015. That decrease can be attributed to resident turnover resulting from lower lengths of stay, especially for short-stay residents, NIC said. NIC also found that an increasing percent of patient days were paid through managed Medicare, signalling an increase in Medicare Advantage enrollees. Medicaid also saw a slight increase within the patient day mix, while Medicare and private pay both saw decreases between 2011 and 2015.” LTC Comment (from Stephen A.
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Categories: Industry News.

“LTCi and D-I-V-O-R-C-E: A Conversation Worth Having,” by Brian Gordon and Murray Gordan, InsuranceNewsNet Magazine

“You can perform an important service for your clients by raising the issue of long-term care planning with those who are divorcing or recently divorced. This is because while long-term care planning is important for everyone, it’s even more important when someone is shifting from ‘couple’ to ‘single’ status.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is an excellent, thought-provoking article by longtime Center friends and supporters Murray and Brian Gordon.  The premise that becoming single makes LTCI risk even higher seems obvious, but it’s not sufficiently recognized and covered in divorce counseling. LTCi
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Categories: Industry News and Long-Term Care.

“Genworth Agrees to Pay $219 Million to Settle Securities Suit,” by Maria Armental, Wall Street Journal

“Genworth Financial Inc. GNW 4.48 % agreed to pay $219 million to settle a class-action lawsuit that alleged investors had been misled about the profitability of Genworth’s core business. The proposed settlement, which doesn’t admit wrongdoing, is subject to court approval. A jury trial had been set to begin in May, according to court documents.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Trials or tribulations. Genworth Agrees to Pay $219 Million to Settle Securities Suit #goldencareagent #Genworth
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Categories: Genworth, Industry News, and Long-Term Care.

“3 Ways To Mitigate The Cost Of Long Term Care,” by Max Gottlieb, Huffington Post

“There is a major disconnect between what federal and state governments provide and what caregivers actually need. Most programs are only available to people who meet Medicaid Long Term Care qualifications, which generally means a person cannot have assets or monthly income above $2,000. See this Medicaid guide for your state’s exact requirements as it does vary state by state. Although this sounds bleak, there are resources available, which I’ll outline below.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I’m sending this along because people are always asking me for a state-by-state guide to Medicaid
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Categories: Industry News and Long-Term Care.

Good News! Helping More Clients Obtain Long Term Care Insurance

On February 29, 2016, Genworth made underwriting enhancements to their underwriting practices that will help make long term care insurance accessible to more consumers. As a follow up to enhancements made in January (165550BL), they are expanding allowable medical conditions for certain cancers and implementing a counter offer program for qualifying conditions that would have previously been declined. Expansion of Allowable Cancer Conditions include Bladder Cancer, Breast Cancer, Prostate Cancer, and Thyroid Cancer. The Counter Offer Program includes potential coverage for the following conditions: Alcohol Dependency, Bipolar Disorder (Manic Depression), Cardiomyopathy, Coronary Disease, Diabetes Type 2, Rheumatoid Arthritis, and Spinal
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Categories: Genworth, GoldenCare News, Industry News, and Long-Term Care.

GoldenCare Newsletter March 7, 2016

In this GoldenCare Newsletter Edition Promos, Promos, Promos.   GoldenCare’s current promo line-up includes ca$h for apps, cash drawings and even a new Ford Mustang.  Get all the details in this edition and get in on the winning!  Plus catch up on the latest carrier announcements.  Enjoy! ★ 3-in-1 Promotion (Mutual of Omaha LTCi) ★ $100 Cash Bonus for GTL’s Critical Cash ★ $50 Cash Bonus for Omaha Med Supp Sales   Read Full GoldenCare Newsletter, March 7, 2016    
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Medicaid and senior living: A troubled marriage,” by John O’Connor, McKnight’s Senior Living

“So what will this latest tectonic shift mean for senior living operators? Three likely results come immediately to mind. One is that operators can expect more scrutiny before receiving future Medicaid payments. A second is that operators will increasingly be required to provide data showing that the care listed on the invoice has been delivered. A third is that those payments in all likelihood will be ratcheted down to the lowest possible penny.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): As more and more assisted living facilities become dependent on Medicaid, they also become vulnerable
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Categories: Industry News and Long-Term Care.

“Living With the Parents I’m Losing to Alzheimer’s, ” as told to Paula Span, New York Times

“Five years later, [Elizabeth Wolf] is still taking care of her 81-year-old father and 65-year-old mother, both with dementia. Ms. Wolf, who volunteers with the Alzheimer’s Association, writes about the experience at upsidedowndaughter.com. Her interview has been edited and condensed for space and clarity.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another reminder of why we do what we do. Living With the Parents I’m Losing to Alzheimer’s #goldencareagent
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Categories: Industry News and Long-Term Care.

“The Voice of Long-Term Care: No Single Solution, ” by Stephen D. Foreman, CLTC, LTC Associates

“If readers are by now curious why three major reports have all called for universal, mandatory LTC, it is no coincidence. The Bipartisan Policy Center, LeadingAge and the LTC Financing Collaborative share many of the same members, cite many of the same sources, and rely on the same modeling (the Dynasim Model co-produced by Milliman and the Urban Institute). Practically all that’s left is for each to sign the other’s yearbook.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is an excellent critique of the usual suspects’ three latest LTC proposals and the recent Congressional
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Categories: Industry News and Long-Term Care.

“Medicare Advantage ratings proving to be boon to insurers, patients, ” by Phil Galewitz, USA Today

“Plans are paid about $10,000 per member annually on average, although the precise amount varies by county and other factors.  For plans with 4, 4.5 or 5 stars, bonuses bring in an extra 5% a year per member — about $500 each, said Monisha Machado-Pereira, a partner at consulting firm McKinsey & Co. A 4-star plan with 1 million members would earn $500 million in bonuses.  ‘Getting to 4 stars is really, really critical,’ said Michael Kavouras, vice president of star ratings at Aetna.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Interesting background on Medicare
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Categories: Industry News and Medicare Supp./Adv..