“Report identifies seven ways to prevent dementia”

“Report identifies seven ways to prevent dementia,” Medical Xpress Quote: “Anstey has estimated that close to 50% of dementia cases can be attributed to seven key modifiable lifestyle factors; midlife hypertension, diabetes, low educational attainment, smoking, physical inactivity, midlife obesity, and depression.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  This does not mean those seven factors “cause” dementia, but it does show we suffer several parallel epidemics the resolutions of which are highly likely to have mutual benefits. Report identifies seven ways to prevent dementia #dementia #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“Improper payments, bad data threaten access to long-term care, GAO health leader testifies”

“Improper payments, bad data threaten access to long-term care, GAO health leader testifies,” by Kimberly Marselas, McKnight’s LTC News Quote: “Despite efforts to reduce improper payments in Medicaid, they continue to increase — rising to about $37 billion in fiscal year 2017,  the Government Accounting Office’s healthcare director told members of Congress Thursday. ‘The Medicaid program alone accounted for 26.1 percent of the fiscal year 2017 government-wide improper payment estimate,’ Carolyn L. Yocom testified before the House subcommittees on Government Operations and Intergovernmental Affairs. ‘It is critical to take appropriate measures to reduce improper payments, as dollars wasted detract from
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Categories: Clippings, Industry News, and Long-Term Care.

“Breakthrough: Researchers fix Alzheimer’s gene”

“Breakthrough: Researchers fix Alzheimer’s gene,” by Ana Sandoiu, Medical News Today Quote: “Groundbreaking research shows, for the first time, how the most well-known genetic risk factor for Alzheimer’s disease causes signs in human brain cells. Also, the scientists managed to correct the gene and erase its harmful effects.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  After so much heart-breaking news about Alzheimer’s research, it’s hard not to be dubious now. But hope springs eternal. Breakthrough: Researchers fix Alzheimer’s gene #alzheimer’s #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“Is There Such A Thing As Normal Aging?”

“Is There Such A Thing As Normal Aging?,” by Bruce Horowitz, Kaiser Health News Quote: “Drawing on their decades of practice along with the latest medical data, Gill and three geriatric experts agreed to help identify examples of what are often — but not always – considered to be signposts of normal aging for folks who practice good health habits and get recommended preventive care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  If you’re older, read this article to see how you’re doing in comparison to others. If you’re younger, find out what you have
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Categories: Clippings, Industry News, and Long-Term Care.

Optimize Your Clients’ Benefits

Optimize Your Clients’ Benefits with Genworth’s Shared Coverage View case study   For couples, the Shared Benefit on our enhanced Privileged Choice® Flex 3 product offers a great way to optimize their benefits. With this optional benefit, couples can combine their benefits and either spouse or partner can access those benefits when they need them. Unique to Genworth, if one of the spouses or partners uses all of the benefits, the other one will have access to half of their coverage amount even though it was already used if they have a long term care need.   Check out this
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Categories: Genworth, Industry News, and Long-Term Care.

Reminder: Guidelines for Use of Premium and Benefit Comparison Software Programs

The following guidelines apply to all premium and benefit comparison software programs, including programs marketed by StrateCision and Vital LTC, and any agent/producer-prepared comparative data. All premium quotes and illustrations that include information about Genworth* must satisfy regulatory and Genworth requirements, including using certain disclosures and other required information. In addition, because many state insurance regulators require such materials to be filed and approved, Genworth’s position has been, and continues to be, that only Company-approved software can be used to generate Genworth quotes and illustrations prepared for consumers. Company-approved software for individual long-term care insurance (LTCI) is Quote It!. An
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Montana (PCS I, PCS II)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Montana has now allowed the following increases: Montana Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 4.4% 4.4% PCS II 12.4% 12.4%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the
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Categories: Genworth and Long-Term Care.

“Kaiser Study: Nursing homes have fewer residents, but those residents need more help”

“Kaiser Study: Nursing homes have fewer residents, but those residents need more help,” by Kimberly Marselas, McKnight’s LTC News Quote: “Though occupancy rates fell between 2009 and 2016, the needs of nursing home residents have grown considerably — placing more demands on sometimes unprepared nursing staff, according to an in-depth analysis published by the Henry J. Kaiser Family Foundation. In 2016, nearly half of nursing home residents had a dementia diagnosis, and just under one-third had other psychiatric conditions such as schizophrenia, mood disorders or other diagnoses. … Medicaid is the primary payer source for most certified nursing facility residents,
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Categories: Clippings, Industry News, and Long-Term Care.

“Group Defends Stand-Alone Long-Term Care Insurance With Infographic”

“Group Defends Stand-Alone Long-Term Care Insurance With Infographic,” by Allison Bell, ThinkAdvisor Quote: “The American Association for Long-Term Care Insurance is using a new infographic about long-term care insurance (LTCI) claim payments to try to increase consumer confidence in stand-alone LTCI coverage. Jesse Slome, AALTCI’s director, says in a statement that he prepared the infographic in an effort to counter some consumers’ mistaken belief that LTCI issuers fail to pay claims. Slome used previously published data, from AALTCI’s own LTCI issuer survey, to show that issuers paid at least $9.2 billion claims in 2017, and that 295,000 people were using LTCI benefits
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Categories: Clippings, Industry News, and Long-Term Care.

“Older Pre-Retirees Worry a Lot About Social Security: Gallup”

“Older Pre-Retirees Worry a Lot About Social Security: Gallup,” by Michael Fischer, ThinkAdvisor Quote: “Fifty-one percent of pre-retirement American adults in the 50-to-64 age group are very concerned about the Social Security system, Gallup reported Friday. In contrast, only one-third of young adults expressed a great deal of concern about the system. … As for Americans in the 30-to-49 age bracket, the percentage expressing a lot of concern about Social Security has held steady in the range of 46% to 52% since 2005, according to Gallup. In the current poll, 49% said they worried a great deal. Unsurprisingly, majorities of
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Categories: Clippings, Industry News, and Long-Term Care.