“States Focus on Rise of Elderly Populations,” by Andrew Soergel, U.S. News & World Report “U.S. News put together the Best States for Aging ranking to take a closer look at how states are grappling with the ongoing demographic shift.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Click through for details. The results may surprise you.    
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“8 in 10 Older Americans Believe They Are Prepared to Age Well, But Need Help Understanding Their Benefits and Navigating the Health Care System,” by Anthem, BusinessWire “A majority of older Americans (ages 60+) (79%) are prepared to age well, but nearly 7 in 10 (68%) are at least somewhat concerned about their health as they age, and nearly half (46%) need help understanding their health insurance benefits once they have chosen a plan. A survey conducted by The Harris Poll, commissioned by Anthem, Inc. and the National Association of Area Agencies on Aging (n4a), reveals that while most respondents are confident
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“State of Long-Term Care Insurance,” by Moody’s, Advisor Magazine “As insurers undertake LTC actuarial assumption reviews in 2019, we believe those with outdated and less defendable assumptions will likely make adjustments to align with evolving industry experience and longer-term investment return assumptions, potentially leading to a decline in GAAP margins. Those insurers with insufficient or depleted margins would need to take earnings charges. As we have indicated previously, a small change in actuarial assumptions can significantly impact margins, and ultimately reserves, for a long- duration product such as LTC.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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“Difference between Medicare, and Medicaid for nursing home costs,” by Bonnie Kraham, Times Herald-Record “If a loved one needs a stay in a skilled nursing home facility, either for a short time or for life, Medicare or Medicaid may be available to pay for the care. Medicare is for the short stay and Medicaid is for the long term. …In New York, it is never too late to save assets from nursing home costs. If a married couple has too many assets to qualify for Medicaid in a nursing home, the law of spousal refusal allows the spouse at home
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“The High Cost of Long-Term Care Insurance (and What to Use Instead),” by Maryalene LaPonsie, U.S. News and World Report “Long-term care insurers have made significant changes in how they issue and price their plans. ‘They’ve fixed their pricing. They’ve fixed their underwriting,’ says Noel Evans, a long-term care insurance specialist in the District of Columbia. Now that companies have decades of claims data to base their underwriting, premiums should become less volatile in the future. Still, if you find yourself priced out of the market or ineligible for health reasons, there are other options to pay for long-term care, ranging
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“Protect Your Family From Taxes And Long-Term Care Costs,” by Christopher Berry, Forbes “The first step for protection can be to create an asset protection trust, which, once funded, can protect against the cost of nursing home care. The way it works is that once assets are moved into the asset protection trust, it starts a five-year race, after which time everything inside of the trust is protected from the costs of nursing home care, which can run upwards of $8,000 per month. Medicaid can help pay for the cost of long-term care; however, Medicaid looks back five years.” LTC Comment
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