“Home gaining on LTC as final residence for those with Alzheimer’s,” by Lois A. Bowers, McKnight’s Senior

“Of those who died with Alzheimer’s disease in 2014, the most recent year studied: 54.1% died in a nursing home or other long-term care facility, compared with 67.5% in 1999 24.9% died at home, compared with 13.9% in 1999 6.6% died in a hospital, compared with 14.7% in 1999 6.1% died in a hospice These realities, wrote the authors of an article in the CDC’s Morbidity and Mortality Weekly Report, have implications for the government and the healthcare system, because some states and counties operate publicly funded long-term care facilities and because payments for more than two-thirds of the anticipated
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Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | May 22, 2017 Edition

In this GoldenCare Newsletter Edition From GoldenCare: The office will be closed on Monday, May 29, 2017 for Memorial Day. Join us for brand new webinar topics including a brand new short-term Home Health Care product and special guest speakers. See our full list of hot topics. We are gearing up for another Promotion!   Look for the announcement in your inbox. Our Guest Article is “Thinking Gen X: An Overdue Look at an Overlooked Generation,” by Olivia Mellan and Sherry Christie, ThinkAdvisor.  Enjoy! Compliance: Please see the Newsletter for June’s State Holiday Ban hours. Industry Updates: From Mutual of Omaha: 
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Categories: Genworth, GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Assisted living hospice care, HCBS, Medicaid make OIG list,” by Lois A. Bowers, McKnight’s Senior Living

“Assisted living hospice care, Medicaid personal care services, home- and community-based services waiver programs and Medicaid data are four topics that made the top 25 list included in the Health and Human Services Office of Inspector General’s ‘2017 Compendium of Unimplemented Recommendations.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What’s the use of my former employer, the HHS-IG, conducting these studies and making these recommendations if the agency ignores them? Hopefully, that’ll change with new leadership. Assisted living hospice care, HCBS, Medicaid make OIG list #goldencareagent
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Categories: Industry News and Long-Term Care.

“Baby Boomers Look to Senior Concierge Services to Raise Income,” by Liz Moyer, New York Times

“Elder concierge, as the industry is known, is a way for the semi- and fully retired to continue to work, and, from a business standpoint, the opportunities look as if they will keep growing. Around 10,000 people turn 65 every day in the United States, and by 2030, there will be 72 million people over 65 nationwide. Some 43 million people already provide care to family members — either their own parents or children — according to AARP, and half of them are “sandwich generation” women, ages 40 to 60. All told, they contribute an estimated $470 billion a year
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Categories: Industry News and Long-Term Care.

“More older people in America are embracing a new relationship style called ‘living apart together’,” by Sheena Rice, Next Avenue

“Since 1990, the divorce rate among adults 50 years and older has doubled. This trend, along with longer life expectancy, has resulted in many adults forming new partnerships later in life. A new phenomenon called ‘Living Apart Together’ (LAT) — an intimate relationship without a shared residence — is gaining popularity as an alternative form of commitment among both older and younger adults.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): “Friends with benefits” for the older set, but not likely to be much help with long-term caregiving. More older people in America are embracing a
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Categories: Industry News and Long-Term Care.

Millennials, don’t forget estate planning

It’s not a surprise that people in their 20s and 30s wouldn’t have estate planning at the top of their mind. After all, the creation of legal documents such as living wills, last wills and testaments, powers of attorney for medical and financial well-being, and potential trusts is a foreign concept to many people, especially those who aren’t married or don’t have children. Many people assume you don’t need to work on those plans until your 50s or 60s. That’s a big mistake. The reality is that everyone needs to be thinking about estate planning. Here is why millennials should
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Categories: Long-Term Care and National Guardian Life.

“Seniors’ use of technology is growing, survey finds,” by Lois A. Bowers, McKnight’s Senior Living

“The most common technology used by survey participants older than 70 was a cell phone, although the percentage of users dropped when they were asked whether they used a smartphone. Ninety-three percent of those 70 to 74 reported owning a cell phone, whereas 49% said they had a smartphone. Similarly, 63% of those aged 75 to 79 said they own a cell phone, whereas 31% had a smartphone. And 58% of those aged 80 or more years reported owning a cell phone, whereas 17% said they had a smartphone. The next most frequently used technology was the internet, with 75%
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Categories: Industry News and Long-Term Care.

“Home Health vs. Seniors Housing,” The SeniorCare Investor Dealmakers Forum

“There has been a tremendous push for home health-based supports and services for the elderly, including allocating state and federal funds to allow more elderly to remain in their homes rather than moving to a more institutional setting. How will it impact the value and demand for seniors housing and care settings? . . . The topics discussed include what the true cost of home health is relative to the all-in cost of an assisted living community, how technology will change the future of these markets, and if assisted living providers are pursuing the home health business to complement their
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Categories: Industry News and Long-Term Care.

“Planning to Age in Place? Find a Contractor Now,” by Paula Span, New York Times

“Older people have the highest rate of homeownership in the country — about 80 percent, according to a 2016 report by the Joint Center for Housing Studies at Harvard. The great majority live in single-family homes, most of them poorly suited for the disabilities common in later life.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): How ironic that seniors have so much home equity that could help them age in place, but government policy, in the form of huge exemptions for home equity, divert them to nursing homes under-funded by Medicaid. Planning to Age in
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Categories: Industry News and Long-Term Care.

“5 New Facts About Retirees’ Real Health Care Bills,” by Allison Bel, ThinkAdvisor

“The authors of the new paper don’t break catastrophic risk down by income level, but they note that Medicare enrollees in the top 5% in terms of out-of-pocket spending probably spent an average of $19,009 out of pocket in 2016. . . . In 2016, high-income Medicare enrollees spent an average of $564 on dental care, $820 on audiologists and other providers not paid by Medicare, and $913 on prescription drug co-payments and coinsurance bills. . . . The new out-of-pocket spending analysis shows that, for the 2016 Medicare enrollees in the top 5% in terms of out-of-pocketing spending, long-term
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Categories: Industry News and Long-Term Care.