“Genworth Cost of Care Survey 2019: Skyrocketing care costs may make the dream of aging at home more challenging,” Genworth “The fastest-rising long term care costs are no longer for the most skilled care – in a facility, they’re now for the least-complex care – at home, according to Genworth’s latest 2019 Cost of Care Survey results, announced today. To explore Cost of Care data by city, state or zip code, find trend charts and access lists of states ranked in order of care costs, visit www.genworth.com/costofcare.The cost of homemaker services, which includes assistance with ‘hands-off’ tasks such as cooking, cleaning
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“Shopping For Medicare? What To Know About The New Plan Finder,” by Fred Ricarrdi, Forbes “The Fall Open Enrollment Period for Medicare is nearly here, running October 15 through December 7. It’s the time for people 65 and older to sign up for Medicare plans for 2020 to ensure they’ll have coverage meeting their needs. The Medicare site’s Medicare Plan Finder tool can help find plans in your area, but it was just updated significantly. So you’ll want to understand how to use the new version. Below is advice on how to use the Medicare Plan Finder and shop for Medicare during
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“Measuring Quality in the Long-Term Care Setting,” by Zach Adams, Tavia Binger, and Ben Harder, U.S. News & World Report  “LAST YEAR, U.S. NEWS introduced a novel composite quality measure and corresponding Short-Term Rehabilitation rating that assesses the performance of skilled nursing facilities in post-acute care. Next week, we’ll update the Short-Term Rehabilitation rating — and debut a Long-Term Care rating to help people in need of daily assistance and their families decide where to go for residential care. These 2019-20 ratings for nearly 15,000 nursing homes, as well as descriptive information on a few hundred more, will be made public on October
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“The Costs of Aging,” National Aging in Place Council “As part of this week’s National Aging in Place Week events, the National Aging in Place Council today published a new handbook titled The Costs of Aging that is available to the public for free on the ageinplace.org website. … The Costs of Aging Handbook presents descriptions of the needs of aging and data showing estimated costs of housing and home modification, healthcare and caregiving, personal finance and planning, transportation and social engagement. … To view The Costs of Aging Handbook, please visit ageinplace.org.” LTC Comment (from Stephen A. Moses, President,
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“Social Security COLA Is 1.6% for 2020,” by Bernice Napach, ThinkAdvisor “The Social Security Administration announced a 1.6% cost-of-living adjustment in benefits beginning January 2020. The 2020 COLA is the smallest increase since 2017, when it was 0.3%. For the average Social Security recipient, collecting $1,461 a month, the increase amounts to about $23.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Wow, break out the champagne!
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