“Medicaid is out of control. Here’s how to fix it.,” by Robert J. Samuelson, Washington Post

“It’s time to take control of Medicaid before it takes control of us. Unless we act — and there is little evidence that we will — Medicaid increasingly becomes another mechanism by which government skews spending toward the old and away from the young. In the raging debate over the Affordable Care Act (Obamacare), this is a subject that neither Republicans nor Democrats dare touch. It’s an ominous omission that obscures the overhaul Medicaid really needs.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Excellent column except for his recommendation that the feds take over the
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Categories: Industry News and Long-Term Care.

“Warnings About Medicare’s future continue to be ignored,” by Kristin Walter, McKnight’s LTC News

“The Government Accountability Office has released its 2017 ‘High Risk List,’ which identifies federal agencies and programs vulnerable to fraud, waste, abuse and mismanagement. The list is published every two years at the start of a new Congress, raising the alarm about areas that greatly need attention and redirection. First designated as ‘high risk’ back in 1990, Medicare has made the GAO list every year since due to ‘its size, complexity, and susceptibility to mismanagement and improper payments.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is a very good, short update on the tragic
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Categories: Industry News, Long-Term Care, and Medicare Supp./Adv..

Genworth Will Launch an Affinity Discount on Individual Long Term Care Insurance Products

Effective April 24, 2017 Genworth will offer a 5% premium discount on new business1 to members of an approved Affinity organization. This discount will be available on Genworth’s individual long term care insurance products, Privileged Choice® Flex 3 and Privileged Choice® Flex and includes their Element℠ packages. For details on Affinity organization eligiblity, please refer to the Affinity Approval form (184701). This form should be completed by the Brokerage General Agency and submitted to Genworth for pre-approval. Once Genworth receives the form, we will contact you regarding next steps. The 5% premium discount will be applied to the net premium
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Categories: Genworth and Long-Term Care.

“In This Next Phase Of Health Reform, We Cannot Overlook Long Term Care,” by Everette James, Walid Gellad, and Meredith Hughes, Health Affairs Blog

“Existing evidence on feasible options for financing LTC are sparse. Many states have implemented “Long-Term Care Partnerships,” which enable individuals to qualify for Medicaid coverage as soon as they have exhausted their private LTC insurance policy. Other current options include combined life insurance and LTC insurance policies, which reduce life insurance payouts depending on LTC utilization, or life settlements, which allow individuals to sell their life insurance policy once they reach a certain age. State and national policies to support family caregivers are limited in scope and often underutilized.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Categories: Industry News and Long-Term Care.

“Falls Are Taking A Huge And Rising Toll On Elderly Brains,” by Mike Stobbe, Associated Press

“Elderly people are suffering concussions and other brain injuries from falls at what appear to be unprecedented rates, according to a new report from U.S. government researchers. The reason for the increase isn’t clear, the report’s authors said. But one likely factor is that a growing number of elderly people are living at home and taking repeated tumbles, said one expert.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The panacea of home and community-based care, promoted for so long by academics as preferred by the elderly and costing less, does have certain downsides such as
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Categories: Industry News and Long-Term Care.

“SNF occupancy down despite ‘significant’ flu season and Medicaid admissions up, report shows,” by Emily Mongan, McKnight’s LTC News

“Skilled nursing occupancy rates hit their lowest level on record in the fourth quarter of 2016, according to a report released Wednesday. The National Investment Center for Seniors Housing & Care’s Skilled Nursing Data Report shows the national occupancy rate fell from 82.6% to 81.8%, the lowest level since the organization began collecting data in 2011. Occupancy rates also experienced their largest ever year-over-year drop during the fourth quarter. . . . Medicaid remained the top source of patient volume in the fourth quarter of 2016, and continued to cover a growing percentage of total patient days, the report found.
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Categories: Industry News and Long-Term Care.

“Subject: Profile of Older Americans: 2016,” Administration for Community Living

“The annual summary of the latest statistics on the older population, A Profile of Older Americans: 2016, is now available. This profile covers 15 topical areas including population, income and poverty, living arrangements, education, health, and caregiving. A description of the highlights of this document is below and the full document is attached. The profile has proven to be a very useful statistical summary in a user friendly format. It is a web based publication and is posted on the following website: https://aoa.acl.gov/Aging_Statistics/Profile/index.aspx” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is one of the
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Categories: Industry News and Long-Term Care.

LTCi Success Tips: Get Your Business Issued Quickly

Ten Underwriting Tips Did you know there are things you can do to ensure your LTCi cases are issued quickly? Some are no brainers… like using the correct application. Others may take a little more effort… like including a cover letter. Learn what you can do to help the underwriting process go smoothly. Download the Flyer. #goldencareagent #mutualofomaha
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

Good News | Omaha Announces Expanded Team of Case Managers

More LTCi Case Managers = Better Handling Of Your Submitted Cases Every LTCi case submitted to Mutual of Omaha is assigned to a case manager. This person is charged with gathering all material necessary for an underwriter to make a decision, and is responsible for making sure the application is in good order. They monitor the retrieval of medical records and the completion of the health interview. They are your resource for cases that are in underwriting review. The case managers who you will be interacting with are: Derek Goodwin Phone: 402-351-7791 Derek.Goodwin@MutualofOmaha.com Kris McPeake Phone: 402-351-7813 Kris.McPeake@MutualofOmaha.com Lisa Wheeler
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | March 13, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Join us for in-depth product training on the hottest products on the market. Click here to register. New product!   GTL’s new Short-Term Home Health Care Insurance!   This product is already approved in several states and coming to more soon.   Please see the Newsletter for current state availability and product details. Be sure to register for an intro here. Don’t miss this Edition’s featured Guest Article is “Technology Comes of Age in the LTC World,” by Patrick Connole, Provider. From Mutual of Omaha: Effective March 1, 2017 Mutual of Omaha will be implementing a
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).