“An Interview with Dr. Bill Thomas,” by Gary Barg, Today’s Caregiver

“Dr. Bill Thomas is an author, entrepreneur, musician, teacher, farmer and physician whose wide-ranging work explores the terrain of human aging. Best known for his health care system innovations, he is the founder of a global non-profit (The Eden Alternative) which works to improve the care provided to older people. He is also the creator of THE GREEN HOUSE® Project which offers a model for long-term care designed to look and feel like a real home. Dr. Thomas also developed the Senior ER model of care and is now working to transform the acute care services provided to elders.” LTC
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Categories: Industry News and Long-Term Care.

“Repeated nursing home sales linked to poor quality,” by Kay Lazar, Boston Globe

“Nursing homes are being bought and sold in the United States at a rapid clip, raising questions about the quality of care, according to a Harvard University-led study published Monday.  Corporate owners appear to target nursing homes beset with problems, and the difficulties — notably health and safety violations — often persist after the transactions, the researchers found.  …  The study did not delve into the reasons for turnover in the nursing home industry, but other studies have linked such turmoil to changes in federal and state reimbursement policies.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Categories: Industry News and Long-Term Care.

Happy 1st Birthday to Performance LTC Policies

John Hancock is celebrating a big milestone. Performance LTC’s first policies are now a year old. And that means policyholders will be receiving their first Annual Statements – and their first Flex Credits.  As we approach this anniversary, you may wonder how Performance LTC performed relative to our initial expectations. In the first year, both the Insurance Credit and the Interest Credit have been in line with our original assumptions. This means that Performance LTC policies are performing as expected. Policyholders can see their Flex Credits, as well as the most recent Declared Rate, in their annual statements. Their statements
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Categories: Industry News, John Hancock, and Long-Term Care.

“Aging in Place,” by Jane E. Brody, New York Times

“For those who wish to age in place, the authors of ‘70Candles: Women Thriving in Their 8th Decade,’ Jane Giddan and Ellen Cole, list such often-needed home attributes as an absence of stairs, wide doorways to accommodate a walker or wheelchair, slip-resistant floors, lever-style door knobs, remotely controlled lighting, walk-in showers, railings, ramps and lifts.  Add to these a 24-hour help system, mobile phone, surveillance cameras and GPS locaters that enable family members to monitor the well-being of their elders.  …  For those with adequate finances, there is no shortage of for-profit retirement communities that help older people remain independent
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Categories: Industry News and Long-Term Care.

State Replacement Regulations Reminder For All Insurance Products

Please remember that all states have regulations governing replacement and/or churning activity. Replacement regulations require additional paperwork to be provided to the applicant/annuitant and submitted with the application. Failure to comply with regulatory requirements will result in processing delays for you and your client(s). In addition, the Genworth companies (Genworth) have adopted and published a Replacement Policy that details the company’s position on replacement activity. To read the policy in its entirety, click the link below: State Replacement Regulations Reminder For All Insurance Products #goldencareagent #Genworth
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Categories: Genworth and Long-Term Care.

Coming Soon – Genworth 2016 Cost of Care

Reliable data. Customized plans. Confident clients. Your clients need the latest long term care (LTC) cost data to help build personalized plans. The Genworth 2016 Cost of Care will be available on Tuesday, May 10th. It’s the industry’s most comprehensive look at more than 43,000 long term care providers across 440 cities and regions. This year’s digital release provides you with tools that can help you confidently explain current and potential future LTC costs to your clients, from homemaker services, to adult day health care, to private nursing home rooms. Clients will see what care could cost them now and
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Categories: Genworth, Industry News, and Long-Term Care.

Update: Simplicity ii Rate Increase Action In Kentucky

As you are aware, MedAmerica is currently in the process of raising rates on the Simplicity ii product line. This rate action does not affect CareDirections Simplicity®. This notice is to inform agents that they have received rate approval from Kentucky, and are implementing the rate increase activity in that state. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on May 6, 2016. The new premium amount will be effective as of the insured’s next billing date, following the state required notification timeframe. Click Here
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Categories: Long-Term Care and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In North Dakota

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they have received approval from North Dakota, and are implementing the rate increase activity in that state. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on May 6, 2016. Following the state required notification timeframe, the new premium amount will be effective as of the insured’s next billing date. For the
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Categories: Long-Term Care and MedAmerica.

“SNF occupancy rates and revenues fall as discharges rise, CDC says,” by Emily Mongan, McKnight’s LTC News

“The Centers for Disease Control and Prevention’s Health, United States report for 2015, which was released on Wednesday, found the number of nursing facilities dropped from 16,389 in 1995 to 15,643 in 2014.  The number of licensed beds also fell, from 1.75 million in 1995 to 1.69 million in 2014.  The number of residents decreased from 1.48 million to 1.37 million in that same time frame.  Occupancy rates for the country’s nursing homes also took a hit across the last decade, dropping from 84.5% to 80.8%, the report found.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Categories: Industry News and Long-Term Care.

“More Customers Keeping Long-Term Care Policies,” by Mara Lee, Hartford Courant

“The proportion of consumers who continue to pay their long-term care insurance premiums grew from 2008 to 2011 compared to 2002 to 2004, according to a LIMRA study released Wednesday.  During the more recent period, 3.6 percent of people let their policies lapse, compared to about 5.1 percent of people in the early 2000s.  The study examined 19 million customers across 20 companies.  About 64 percent had bought their policies as individuals, and the rest had group coverage.  People are most likely to drop the policy during the first year, when lapse rates are over 10 percent. By the sixth
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Categories: Industry News and Long-Term Care.