Why LTCi is a better solution than relying on family

Some of your prospective clients may be planning on having their children care for them if the need arises. But do they really know what being a caregiver means? Today’s reality is, their children have their own family and career obligations. Adding the responsibility of caregiver whether it’s full or part-time can take a toll. Providing care can result in both financial and emotional stress by having to take time off work and possible family conflicts if one child assumes a greater share of the care giving duties. A long-term care insurance policy can provide benefits to help your clients
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

2017 MA Medicare Documents Update

UPDATE – MA Medicare Documents Update June 15, 2017 – The state of Massachusetts has revised the Massachusetts Medicare documents that must be left with applicants prior to completing the application. The updated application instructions and documents are now available on the EssentialLTC Agent Resource Center under the “Forms” tab, and by selecting Massachusetts from the “State-Specific Forms” dropdown.   Or, click the link below to view/print MA forms: • NGL EssentialLTC Updated Application Instructions (ICC16-NLTC100-Al-MA-01) • MassHealth (Medicaid) Exemptions Acknowledgement Form • Massachusetts Bulletin For People With Medicare • Your Options For Financing LTC A Massachusetts Guide   2017
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Categories: Industry News, Long-Term Care, and National Guardian Life.

“Census: U.S. is aging, growing more racially diverse”

“Census: U.S. is aging, growing more racially diverse,” by Matt Rourke, CBS News “The Census Bureau reported that the median age of Americans — the age at which half are older and half are younger — rose nationally from just over 35 years to nearly 38 years in the years between 2000 and 2016, driven by the aging of the “baby boom” generation. The number of residents age 65 and older grew from 35 million to 49.2 million during those 16 years, jumping from 12 percent of the total population to 15 percent. That’s a costly leap for taxpayers as
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Categories: Industry News and Long-Term Care.

“Places in Need: The Changing Geography of Poverty”

“Places in Need: The Changing Geography of Poverty,” by Scott W. Allard, Russell Sage Foundation “Americans think of suburbs as prosperous areas that are relatively free from poverty and unemployment. Yet, today more poor people live in the suburbs than in cities themselves. In Places in Need, social policy expert Scott W. Allard tracks how the number of poor people living in suburbs has more than doubled over the last 25 years, with little attention from either academics or policymakers. Rising suburban poverty has not coincided with a decrease in urban poverty, meaning that solutions for reducing poverty must work
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Categories: Industry News and Long-Term Care.

“Medicaid’s Role in Nursing Home Care”

“Medicaid’s Role in Nursing Home Care,” Kaiser Family Foundation “Nursing homes are key providers of long-term care in the US, supplying medical, skilled nursing, and rehabilitative services on an inpatient basis to individuals who need help with self-care, such as bathing and dressing. As of 2015, there were 1.4 million people, primarily seniors, served in nearly 16,000 nursing homes. Medicaid is the primary payer for nursing home care, providing needed long-term care services not offered by Medicare that would otherwise be unaffordable for seniors with low incomes and relieving the care burden from families. Medicaid currently provides federal matching funds
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Categories: Industry News and Long-Term Care.

“Interventions can help reverse physical frailty, study finds”

“Interventions can help reverse physical frailty, study finds,” by Alyssa Salela, McKnight’s Senior Living “Diet, exercise and stimulating activities are keys to reversing physical frailty, a recent study has found. . . . Older adults who are physically frail are two to 10 times more likely to become functionally disabled, hospitalized or die earlier, they said. If they are cognitively impaired in addition to being physically frail, then they are 20 times more likely to become functionally disabled, hospitalized or die earlier.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Stemming the obesity epidemic is step
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Categories: Industry News and Long-Term Care.

“You, On Medicaid”

“You, On Medicaid,” by William Anderson, HuffPost “Three out of four people using a nursing home depend on Medicaid to pay for their care. That means you and your parents will probably be counting on Medicaid to pay for them. It means that there’s a very good chance you will be counting on it for yourself, and the quality of the place you go and the way you are treated will depend on the care that can be afforded. That care has a bad reputation now. What do you think it will be like if Medicaid is cut the way some
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Categories: Industry News and Long-Term Care.

“Judge Sides with 130,000 Long-Term Care Policyholders in Class Action Against CalPERS, Permits Case to Proceed to Trial”

“Judge Sides with 130,000 Long-Term Care Policyholders in Class Action Against CalPERS, Permits Case to Proceed to Trial,” Cision PR Newswire “A Los Angeles Superior Court judge sided with more than 130,000 class members, all CalPERS Long Term Care policyholders, in their class action against CalPERS for unjust premium increases, permitting their claims to proceed to trial. . . . The class members contend the increase was unjustified, due to CalPERS’ failures in establishing the program and because the increases were not permitted by the contract.  The plaintiffs asserted five causes of action against CalPERS: breach of fiduciary duty; breach of
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Categories: Industry News and Long-Term Care.

“32% of Baby Boomers Have No Emergency Savings”

“32% of Baby Boomers Have No Emergency Savings,” by Lisa Fu, “Though they are approaching retirement, 32% of those aged 53 to 62 have no emergency savings, the highest among the different age groups. McBride said many of these baby boomers may have lost their savings in the economic downturn or faced long term unemployment. Those older than age 63 reported the lowest likelihood of empty savings and 44% of them have enough savings to cover at least 6 months worth of expenses according to Bankrate.com. ” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Well,
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Categories: Industry News and Long-Term Care.

“Announcing the 2017 Caregiver Friendly Award Winners”

“Announcing the 2017 Caregiver Friendly Award Winners,” by Gary Barg, Caregiver Magazine LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Check out this list of links to meritorious books, media, products and services related to long-term caregiving. Announcing the 2017 Caregiver Friendly Award Winners #goldencareagent #caregivers
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Categories: Industry News and Long-Term Care.