“Aging Parents With Dementia? Beware Of Thieving Financial Advisors,” by Carolyn Rosenblatt, Forbes “The takeaway is this–if you have an aging loved one who has short term memory loss and invested assets in one or more accounts, it is time to raise the question of whether you can respectfully get in position to oversee the accounts. Please persist with every possible effort. Your protection could prevent even one unscrupulous financial professional from taking advantage because no one is watching.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Adult children, close relatives and friends are at least
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“Starbucks Opens New Front in Staffing Wars: Senior Care Benefits,” by Robert Holly, Skilled Nursing News “Skilled nursing and senior housing operators often point to wage gains at retail chains as a major reason behind the industry’s persistent staffing woes. This week, one of the country’s largest foodservice employers unveiled another attractive perk that could lure workers away from long-term care: heavily subsidized senior care services for employees who juggle work and caregiving responsibilities.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Shame on Starbucks for offering LTC? Hardly, this is a typical example of the
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“Top 25 cities for best and worst nursing homes listed,” by Marty Stempniak, McKnight’s LTC News “Technology company Family Assets released its rankings cities for nursing home residents by looking at user-generated reviews of facilities. … Based on that methodology, Family Assets crowned Evansville, IN, as the city with the best-rated nursing homes, with about 80% of reviews labeled as ‘good.’ Rounding out the top five are Topeka, KS; Bakersfield, CA; Colorado Springs, CO; and Glendale, CA, which all hovered around 80%. Meanwhile, on the negative side, Atlanta landed at the bottom, with nearly 60% of its reviews labeled as
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“As Open Enrollment Begins, Record Medicare Advantage Growth Expected,” by Bruce Japsen, Forbes “A flood of new Medicare Advantage health plans are expected to divvy up a larger pool of seniors flocking to lower premiums, expanded benefits and additional choices for 2019. Large insurers like UnitedHealth Group, Aetna, Cigna, Humana and Anthem are selling in new markets and additional counties when open enrollment starts Monday, Oct. 15th for coverage that begins in 2019. This is expected to increase the total number of seniors enrolled in privately-administered Medicare Advantage plans for 2019 to more than 22 million.” LTC Comment (from Stephen A. Moses,
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“Retirees, Adult Children Disagree on Retirement Community Essentials,” by Marlene Satter, ThinkAdvisor “Factors important to the seniors, who were 75 and older, weren’t always high on the priority list for their kids, and vice versa. Cost was a primary factor, with 61% citing it; then came security/safety (51%) and access to health care (46%). But cost was more important to seniors, at 64%, than to their children, at 58%; security and safety was less important, at 44%, compared with the kids at 57%; and the kids were far more concerned about access to health care, at 56%, than their parents,
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