Genworth

Also in the news for Nov. 7, 2014 . . .

Major LTC insurer posts $844 million loss, shares tumble ... Kindred's quarterly numbers suggest restructuring is paying off ... Monkey study raises hopes of weekly injections to fend off Alzheimer's ... Dementia can be predicted by walking speed and memory complaints, research suggests

Also in the news for August 7, 2014 . . .

Mild cognitive impairment quadruples risk of Alzheimer's ... UK health system testing antipsychotic medication patch ... Nursing home worker admits stealing from resident trust funds ... Genworth reviewing LTC insurance claims reserves

Many Americans don't understand long-term care

Many Americans don't understand long-term care

Many Americans remain in denial and are therefore disinclined to pluck the truth from the myths about long-term care, much to the detriment of their own finances as they turn to homecare providers for custodial services on a self-insured basis, if they can afford it. Those who need full-time skilled nursing care end up paying a median of $81,030 per year, according to the Genworth 2012 Cost of Care Survey.

The Babysitter Problem

The Babysitter Problem

By

It took me decades to unravel, but I think I finally figured out why my parents had nine children.

Nursing rates and prices hit historic highs, reports show

Nursing rates and prices hit historic highs, reports show

By

The rates nursing home charge and the prices they fetch on the market have hit new highs, reports reveal.

Premature obituaries about nursing homes unfair, off the mark

Premature obituaries about nursing homes unfair, off the mark

By

Attend an industry event these days and you're sure to hear doom-and-gloom forecasts for the skilled care sector. Simply put, LTC is not getting a lot of TLC.

Long-term (care) anxiety at bargain prices

Long-term (care) anxiety at bargain prices

By

The median annual cost of a nursing home room is now more than $87,000, according to a recent survey. To an uninformed member of the public, I'm sure that seems like a lot. But what the average person doesn't know is that the price also includes strippers, so it's actually pretty reasonable.

Median cost of a private nursing home room now exceeds $87,000 a year, Genworth survey finds

Median cost of a private nursing home room now exceeds $87,000 a year, Genworth survey finds

By

The median annual cost of a private nursing home room in the United States has increased to $87,600, according to the latest annual survey from insurance company Genworth. This represents a 4.4% increase from a year ago.

LTC insurance groups need a better strategy

LTC insurance groups need a better strategy

By

What the long-term care insurance market could use right now is a healthy dose of capitalism. But it isn't going to happen.

Long-term care insurance's uphill battle

Long-term care insurance's uphill battle

By

What the long-term care insurance market could use right now is a healthy dose of capitalism. It ain't gonna happen.

Major insurers say they will hike premiums on long-term care policies

By

Long-term care insurance policyholders should expect rate hikes, two of the most prominent vendors in the market have announced.

Room charge rises to $84k

By

Long-term care providers have been able to sustain modest room-rate hikes, according to the 10th annual Cost of Care Survey from insurance company Genworth.

Planning for the eldercare boom

Planning for the eldercare boom

Geriatric care providers and healthcare professionals see where our current system is failing seniors, and family caregivers, but what are we doing to improve it, change it, or create a new system?

Nursing home costs approach $84,000 a year, Genworth survey shows

Nursing home costs approach $84,000 a year, Genworth survey shows

By

The cost of long-term care continues to rise, according to the 10th annual Cost of Care Survey from insurance company Genworth. The median annual cost of a private nursing home room reached $83,950 this year, up 3.6% from 2012, the report showed.

Caregiving in the ER - Part 2

Caregiving in the ER - Part 2

Family caregivers and family members needing emergency care are growing in number, and their combined impact is becoming evident to long term care professionals. Here are tips to help them in their time of crisis.

Low interest rates spell trouble for LTC insurance

By

Low interest rates and policyholders' unwillingness to drop coverage are two of the key reasons the long-term care insurance market is in trouble, an expert asserts.

Why the likely demise of LTC insurance isn't all bad

Why the likely demise of LTC insurance isn't all bad

By

Two decades ago, private long-term care insurance was seen as a can't-miss option for funding future nursing home costs. But like many of the people who purchased policies back then, the product now finds itself in pretty bad shape.

Don't miss any McKnight's news