“Will $14.5 billion plug GE’s long-term care insurance hole? Some experts say ‘No’,” by Alwyn Scott, Reuters “General Electric Co is setting aside one of the largest amounts ever to cover potential losses on policies that provide long-term care in nursing facilities and patients’ homes. But insurance experts are concerned that may not be enough.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Thanks again, Buck Stinson.
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“Report finds few seniors are getting routine memory checkup,” AP “Few seniors get their thinking and memory abilities regularly tested during check-ups, according to a new report from the Alzheimer’s Association that raises questions about how best to find out if a problem is brewing. Medicare pays for an annual ‘wellness visit’ that is supposed to include what’s called a cognitive assessment — a brief check for some early warning signs of dementia, so people who need a more thorough exam can get one. But doctors aren’t required to conduct a specific test, and there’s little data on how often
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“Ages When Long-Term Care Insurance Claims Begin,” Advisor Magazine “Nearly half of all newly started long-term care insurance claims begin for policyholders age 86 or older according to a new study released by the American Association for Long-Term Care Insurance (AALTCI). … According to the Association’s analysis of new long-term care insurance claims that began during 2018, 25 percent of new claims were initiated by policyholders between ages 81 and 85, 27.2 percent were between ages 86 and 90, and 17.5 percent were age 981 or older. … Click here to see latest Long-Term Care Insurance Data – Facts – Costs – Statistics”
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