“America Is Running Out of Family Caregivers, Just When It Needs Them Most”

“America Is Running Out of Family Caregivers, Just When It Needs Them Most,” by Clare Ansberry, Wall Street Journal “For generations, the nation has relied on family members to keep aging loved ones in their homes. Today, many Americans are growing older without family nearby, offering a glimpse of what the future may hold for the cohort of Americans who are approaching retirement. The caregiving crunch comes at a time when Americans reaching retirement age are in a squeeze unseen in generations. Their median incomes, including Social Security and retirement fund receipts, haven’t risen in years. They have high average
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Categories: Clippings, Industry News, and Long-Term Care.

“U.S. Medigap plans fall short on protections for pre-existing conditions”

“U.S. Medigap plans fall short on protections for pre-existing conditions,” by Mark Miller, Reuters “Thinking of adding a Medigap supplemental policy to your Medicare coverage? Beware: you could be charged higher rates or be turned away completely if you have a pre-existing condition.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): “Insurance” that ignores medical underwriting is welfare, not insurance. U.S. Medigap plans fall short on protections for pre-existing conditions #medigap #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“Nursing home signs ‘groundbreaking contract,’ doles out bonuses to staffers for cutting back bed sores”

“Nursing home signs ‘groundbreaking contract,’ doles out bonuses to staffers for cutting back bed sores,” by Marty Stempniak, McKnight’s LTC News “One New York nursing home is trying an outside-the-box approach to keeping residents safe. Bishop Rehabilitation and Nursing Center, in Syracuse, NY, just inked a new contract with United Healthcare Workers East, which represents employees at the skilled nursing facility. Union employees are now eligible to receive lump sum bonuses for hitting quality benchmarks such as reducing pressure ulcers, falls with injury and rehospitalizations, according to an announcement made Wednesday.” LTC Comment (from Stephen A. Moses, President, Center for
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Categories: Clippings, Industry News, and Long-Term Care.

“CCRCs Move Away From Skilled Nursing As Demand Drops”

“CCRCs Move Away From Skilled Nursing As Demand Drops,” by Maggie Flynn, Skilled Nursing News “By the industry’s own definition, continuing care retirement communities (CCRCs) include skilled nursing care — but there is a growing trend of developing similar communities that lack such care, according to a report from the commercial real estate services firm CBRE.” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): We reported a couple days ago that boomers are moving into their peak years for joining CCRCs, age 72. We observed it’ll be a much bigger problem when they start turning
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Categories: Clippings, Industry News, and Long-Term Care.

“Majority of older adults with probable dementia are likely unaware they have it, study suggests”

“Majority of older adults with probable dementia are likely unaware they have it, study suggests,” ScienceDaily “An analysis of information gathered for an ongoing and federally sponsored study of aging and disability adds to evidence that a substantial majority of older adults with probable dementia in the United States have never been professionally diagnosed or are unaware they have been.” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): Now, that is depressing. Majority of older adults with probable dementia are likely unaware they have it, study suggests #dementia #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“A Growing Number of People Are Navigating Retirement Alone. This Woman Is Spearheading a Movement to Change That”

“A Growing Number of People Are Navigating Retirement Alone. This Woman Is Spearheading a Movement to Change That,” by Elizabeth O’Brien, Money “Carol Marak helped her aging parents for a total of six years, frequently driving the 125 miles between her home in Dallas and theirs in West, Texas, to shop, clean, cook and do other tasks for them. ‘I realized there are so many demands in giving care to an older person,’ says Marak, now 67. ‘I don’t have family to do that for me.’ So in February 2016, she started the Elder Orphans Facebook group, which has since
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Categories: Clippings, Industry News, and Long-Term Care.

“CDC: 14% of those 75+ have early symptom of Alzheimer’s”

“CDC: 14% of those 75+ have early symptom of Alzheimer’s,” by Lois A. Bowers, McKnight’s Senior Living Fourteen percent of adults aged 75 or more years have subjective cognitive decline [SCD], one of the earliest noticeable symptoms of Alzheimer’s disease, according to new data from the Centers for Disease Control and Prevention. … Additionally, the CDC found that 10% of those aged 65 to 74, 11% of those aged 55 to 64, and 10% of those aged 45 to 54 had SCD.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I’m dubious. Seems like a higher
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Categories: Clippings, Industry News, and Long-Term Care.

GoldenCare Newsletter | July 16, 2018

In this GoldenCare Newsletter Edition From GoldenCare: Update Your Contracts The newest version of LTC CEO Office, Home and Internet Selling Tools Software is now available! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Diversify your portfolio for greater sales success! Our new training schedule is posted!  Join us for complimentary product and sales training and receive a Continuing Education Voucher for each
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and National Guardian Life.

Past due notifications available soon!

Great news! Beginning July 17, we are adding past due notifications to the Correspondence Portal. You will now have the opportunity to be proactive with your policyholders who are past due on premiums. Here’s what you should know: Notices are only sent to agents and are not being sent to policyholders. Past due correspondence will be retained for 30 days and then deleted from the Correspondence Portal. Notifications will be triggered at 14 days and 30 days past due. Below is an example of what you might see:   You are able to conveniently update your notification style (email/fax) and
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Transamerica Long Term Care Update (NJ, NY & CT)

NEW JERSEY, NEW YORK AND CONNECTICUT June 26, 2018 Transamerica Long-Term Care Update: States of New Jersey, New York and Connecticut Application and Forms Update for TransCare® II Transamerica Life Insurance Company remains committed to you and to the long term care insurance market. Application and disclosure packages for the TransCare® II  in New York, Connecticut and New Jersey will be updated to better align with our product offering. All New York, Connecticut and New Jersey applications for TransCare® II  must be submitted by 9 p.m. CT on July 23rd or the application will be returned as unprocessed business. Please
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Categories: Industry News and Long-Term Care.