“Why the daunting economics of elder care are about to get much worse,” by Patricia Smith, The Conversation Quote: “When no relative steps up to serve as an unpaid caregiver when the need arises, families hire paid caregivers or move their loved one into a nursing home, where a private room may cost $100,000 or more per year. Medicare rarely covers nursing home stays, and eligibility for Medicaid coverage is limited, so institutional care like that is generally out of reach for all but the wealthiest Americans or those with long-term care insurance – which also costs a lot. … In
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“Good data source referenced by Stephen D. Forman in the “LTCA Weekly Reader”
“Good data source referenced by Stephen D. Forman in the “LTCA Weekly Reader” Quote: “RBC Wealth Management did a bang-up job on their new report, “Taking Control of Healthcare in Retirement.” It’s a readable mix of text, graphs and well-sourced information that points frequently toward long-term care. Pre-retirees reading its 20-pages will not only get a better handle on the magnitude of the challenges they face, but also an encouraging tour of the manageable steps they can take.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We thank Center friend and Corporate member Steve Forman of
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“When is the Skilled Nursing Wave Coming? Depends Who You Ask”
“When is the Skilled Nursing Wave Coming? Depends Who You Ask,” by Alex Spanko, Skilled Nursing News Quote: “Depending on whose earnings call you happened to catch this season, the predicted surge in demand for skilled nursing services is just around the corner — or it isn’t coming at all.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Who’s right? Click through to the article. When is the Skilled Nursing Wave Coming? Depends Who You Ask #nursing #goldencareagent
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“Minnesota LTC pros apologize to public after abuse claims”
“Minnesota LTC pros apologize to public after abuse claims,” by Marty Stempniak, McKnight’s LTC News Quote: “Long-term care professionals in Minnesota are apologizing to the public this week, following abuse allegations against them in the Gopher State. Local press detailed some of those allegations in a report last week, calling conditions that seniors experienced ‘horrific’ and worse than a ‘doggy day care.’ Gayle Kvenvold, CEO of LeadingAge Minnesota, apologized to the public for past incidents, according to TwinCites.com.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Minnesota, along with Washington and Oregon, has one of the
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New iPhone (iOS) NGL Rate Calculator Version Available
Updated iPhone (iOS) Version of NGL Rate Calculator Available In order to provide a more consistent and user-friendly experience, an updated version of the NGL Rate Calculator for iOS users was made available. The updated version of the iOS rate calculator was pushed to user devices through the App Store, similar to how other mobile application updates are sent on iOS devices. This updated version was made available for download from the App Store on Tuesday, February 27. Please contact NGL’s dedicated Life Product Support team at 800-762-9883 or lifeproductsupport@nglic.com with questions. Thank you! New iPhone (iOS) NGL Rate
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In-Force Rate Action Announcement: Arizona (Privileged Choice® and Classic Select®)
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. Arizona has now allowed the following increases: Arizona Product Series Increase Percentage Privileged Choice 35% Classic Select 35% This rate increase applies to Non-AARP policies issued between 7/2003 and 5/2005 only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin March 6, 2018 and will
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Genworth and Long-Term Care.
In-Force Rate Action Announcement: Wyoming (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. Wyoming has now allowed the following increases: Wyoming Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 55% 72% PCS II 55% 72% 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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Genworth and Long-Term Care.
“Aerobic exercise slows cognitive decline in Alzheimer’s disease”
“Aerobic exercise slows cognitive decline in Alzheimer’s disease,” by Mary Gillis, Reuters Quote: “Researchers assessed data from 19 studies conducted between 2002 and 2015 that examined the effects of exercise on cognitive ability in 1,145 people at risk of or diagnosed with Alzheimer’s disease. Nearly 90 percent were randomized controlled trials, which are the most reliable type of study. “Results indicated that exercise – specifically, cardiovascular exercise – had a strong favorable impact, researchers reported in the Journal of the American Geriatrics Society. “This study is the first to suggest that aerobic exercise may be more effective than other types
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“Here’s a surprise source you can tap for long-term care services”
“Here’s a surprise source you can tap for long-term care services,” by Darla Mercado, CNBC Quote: “It isn’t every day that an older client might consult experts to help him become impoverished as he prepares for long-term care. Enter Medicaid planning, a corner of personal finance that brings together elder law attorneys, accountants and financial advisors to help seniors pay for nursing home care while protecting their family members. “Those who participate in Medicaid planning work with attorneys, accountants and advisors to shift their wealth to trusts or annuities in order to qualify.” LTC Comment (from Damon V. Moses, Administrative Coordinator,
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“Are You Prepared To Live To Be 100?”
“Are You Prepared To Live To Be 100?,” by Alexander Koury, Forbes Quote: “Today, we are living healthier lives, which has increased our life expectancy and changed the way in which we should prepare to live well beyond our expectations. We are living in an age when medicine and technology are being designed to keep us living longer, and future developments will continue to push life expectancies higher. This is the new reality, and unless you choose to solve the problem now, you could outlive your money. Ask yourself, ‘How long will my money last?’ If you do not know, now is
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