“Letter: Who pays for assisted living?,” by Barbara Franklin, The Post & Courier (Charleston, SC)

“It’s no secret that the Lowcountry is a desirable place to retire, so developers have taken note and are working to fill a potential housing need for baby boomers.  But one key consideration may be missing from this equation: how these retirees and aging baby boomers will pay for care in these new assisted-living facilities.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A timely reminder published in her local newspaper by long-time Center friend and supporter, Barbara Franklin. Letter: Who pays for assisted living? #goldencareagent
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Categories: Industry News and Long-Term Care.

“Obamacare deductibles leading to more critical illness policies,” by Paul Moyer, Digital Journal

“Critical illness insurance policies are more popular than ever. A study conducted by Gen Re showed that critical illness gained almost $381 million of new business revenue last year.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More health insurance with higher deductibles for low income people translates into higher demand for CI to help cover the gap. Obamacare deductibles leading to more critical illness policies #goldencareagent
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Categories: Critical Illness and Industry News.

“Son Must Pay for Mother’s Care Under Filial Responsibility Law Despite Abusive Childhood,” ElderLawAnswers

“A Pennsylvania appeals court holds that a son is required to pay for his mother’s care under the state’s filial responsibility law even though the mother does not have outstanding medical bills and the son claims he had an abusive childhood.  Eori v. Eori (Pa. Super. Ct., No. 1342 WDA 2014, Aug. 7, 2015).” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Many states have filial responsibility laws but most do not enforce them. Pennsylvania is an exception. Son Must Pay for Mother’s Care Under Filial Responsibility Law Despite Abusive Childhood #goldencareagent
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Categories: Industry News and Long-Term Care.

“CMS Confirms That Spousal Impoverishment Figures Will Remain the Same for 2016,” ElderLawAnswers

“The Centers for Medicare and Medicaid Services (CMS) has announced that the spousal impoverishment and home equity limit figures will not change from 2015 levels next year.  This is because there was no increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). …  For CMS’s page on all the SSI and spousal impoverishment standards for 2016, click here.  For an informational bulletin that was attached to the figures, click here.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We’ll also update these numbers in The Zone where you can find the
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Categories: Industry News and Long-Term Care.

“Medicare Advantage 2016 Data Spotlight: Overview of Plan Changes”

“Medicare Advantage 2016 Data Spotlight: Overview of Plan Changes,” by Gretchen Jacobson, Marsha Gold, Anthony Damico, Tricia Neuman, and Giselle Casillas, Kaiser Family Foundation “This spotlight analyzes publicly available data to review the Medicare Advantage plans offered in 2016. It provides updated information describing how Medicare Advantage plan choices are changing in 2016, includes new information on premiums, out-of-pocket limits and other plan features, and examines the role of large firms offering plans in the marketplace.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Useful information for anyone marketing MA plans. Medicare Advantage 2016 Data Spotlight:
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Categories: Industry News and Medicare Supp./Adv..

“Women Will Face Especially High Long-Term Care Risks As They Age,” by Howard Gleckman, Forbes

“It is no secret that long-term care is among the greatest financial risks we will face as we age. But if you are a woman, your chances of needing significant levels of personal care after age 65 are especially high. So are the dangers of not planning for costs that will average more than $180,000 for a woman turning 65 today.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More on why LTC is a women’s issue. Women Will Face Especially High Long-Term Care Risks As They Age #goldencareagent
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Categories: Industry News and Long-Term Care.

“4 Smart Uses for RMDs,” by David A. Dedman, Huffington Post

“Pay for Long Term Care insurance. About 50% of us are going to spend some time in a nursing home. Why not use these mandatory distributions to pay for the insurance?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Using RMDs for LTCI should be a no-brainer for people who don’t need the income and qualify medically. 4 Smart Uses for RMDs #goldencareagent
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Categories: Industry News and Long-Term Care.

“Top-Rated Caregiving Apps To Consider Using,” by Jackie Oberst, Provider

“Two-fifths of U.S. adults care for a sick or elderly family member, according to a 2012 Pew Research Center study. The same study also found that family caregivers are more technologically savvy than the general population: Ninety percent of family caregivers have a cell phone, compared with 82 percent of non-caregivers. These early adopters are using the Internet to assist with their responsibilities, connect with other caregivers, research health information, and look up information about long term care options. “To stay on top of everything, many caregivers—personal and professional—are turning to apps on their smartphones. Below is a sampling of
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Categories: GoldenCare News and Industry News.

“Health Insurance Pressure Increases Critical Illness Demand,” by Cyril Tuohy, InsuranceNewsNet

“The critical illness (CI) market reported new business premium of nearly $381 million in 2014, a new study showed, as Americans search for creative insurance protection against high medical expenses. In addition, the number of eligibility triggers for critical illness coverage rose last year to 19 from 13 in 2013, the Gen Re Critical Illness Insurance Market Survey revealed.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): CI continues on a roll. Health Insurance Pressure Increases Critical Illness Demand #goldencareagent
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Categories: Critical Illness and Industry News.

For Your Library: The Shortfalls of Medicare & Medicaid For Long Term Care Services

With over 70% of people age 65 and older needing long term care services, it’s important for clients to fully understand the options available to create a long term care plan. MedAmerica offers a fact-filled consumer piece that explains the potential options for covering the costs of long term care services. As an agent, this piece can help establish the need for long term care insurance. To access, click the link below: Start Download #goldencareagent
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Categories: Industry News, Long-Term Care, and MedAmerica.