“Census Bureau: Most seniors still own homes,” by Lois A. Bowers, McKnight’s Senior Living “More than three-fourths (77.9%) of Americans aged 65 or more years live in owner-occupied housing, according to new data released Thursday by the U.S. Census Bureau. . . . The median home value was $192,400.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): It’s a good thing senior home ownership stays strong. They’ll need that equity when the bottom falls out of Medicaid LTC funding. Census Bureau: Most seniors still own homes #goldencareagent
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“Experts, lawmakers ponder impact of 8 residents’ deaths on SNF sector; facility loses Medicaid funding,” by Emily Mongan, McKnight’s LTC News “The Florida nursing home where eight residents died in the wake of Hurricane Irma has now been cut from the Medicaid program, as questions continue to swirl about the incident’s effect on emergency preparedness and the skilled nursing sector overall.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Here’s a plan: pay a nursing home less than the cost of care for most of its residents. Then take away even that funding when something goes
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“Pay Attention to the Small Details When Dealing with Long-Term Care Insurers,” ElderLawAnswers “A long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidentally wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details. . . . Ms. Maldonado’s daughter appealed to the company to accept a late payment, but the company refused. Her mother now has dementia and no long-term care coverage. . . . Article Last Modified: 09/15/2017.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Actually, AIG
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