Insurance

PSA Insurance & Financial Services acquires risk management firm

Maryland-based PSA Insurance & Financial Services has bought Councill, a risk management and insurance company specializing in long-term care.

Improving fleet and driver safety

Improving fleet and driver safety

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When you hear the word "fleet," you might think of hundreds of school buses or thousands of trucks or vans. But organizations of all sizes own vehicles that help support their business operations. Fleets can be as large as thousands of trucks or as small as one van.

Mid-sized employers receive insurance reprieve from White House

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Long-term care providers with between 50 and 99 employees received an unexpected reprieve yesterday, as the Obama administration announced it would give them an extra year before having to offer health insurance

Young people becoming more realistic about future long-term care needs, survey finds

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Younger people are more informed about long-term care financing and are more likely to be saving for their future needs than older Americans, according to a recent national survey.

Financing reform rift in LTC commission

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The Commission on Long-Term Care has released its full report to Congress, but some commissioners broke ranks, saying the bipartisan panel did not fulfill its mandate to offer recommendations for comprehensive reform.

The impact of the employer mandate delay

The impact of the employer mandate delay

October has proven to be a big month for the Affordable Care Act (ACA) with the launch of the public exchanges and the political maneuverings in Washington. Although many in the healthcare industry welcomed the delay of ACA's employer mandate, it's important to understand how decisions your organization makes in 2014 will impact 2015.

Looks like insurance isn't the only thing being exchanged here

Looks like insurance isn't the only thing being exchanged here

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I have a friend who might be best described as a curmudgeon-in-training. He seems to live in a world where almost everything was better than it is now.

Long-term care provider avoids contraception insurance mandate

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An Evangelical Christian who runs senior care facilities does not have to provide free contraception or sterilization for his female employees for the time being, a judge ruled Friday.

Time to look for solutions to funding aging services in new places

Time to look for solutions to funding aging services in new places

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We have a problem with funding and the service delivery models in aging services. Both are broken, and both need to be addressed in any real solution is to be implemented. If the service delivery system continues without fundamental change, then costs will continue to escalate unabated. All of the money ultimately comes from the same source, us.

Irony dead? Not while we have Obamacare

Irony dead? Not while we have Obamacare

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When the Obama administration recently announced it would push back the healthcare law's employer insurance mandate for another year, many a long-term care operator rejoiced. I'm guessing there will be more postponing and tweaking.

Insurance, the elderly and what to do next

Insurance, the elderly and what to do next

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No sane person can criticize someone who admits being confused about how medical insurance should be funded, especially for seniors. Last week, a pair of innocently juxtaposed stories highlighted the struggle extremely well.

Nursing home operators should act decisively to take advantage of employer mandate delay, expert advises

Nursing home operators should act decisively to take advantage of employer mandate delay, expert advises

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Nursing home advocates cheered the Obama administration's recent decision to delay implementing a key part of the Affordable Care Act, and a legal expert said operators must seize this opportunity to prepare for the future.

Obamacare manageable in long-term care facilities

Obamacare manageable in long-term care facilities

Many long-term care providers are worried about rising health insurance costs for groups. Health insurance costs will climb 15% to 40% for groups in 2014. However, there are opportunities to manage this expected cost increase to a level that is affordable.

Considering captives

Considering captives

For most operators, owners and CFOs in long-term care facilities, control is not a word that comes to mind when insurance is the topic. But with price increases hitting commercial insurance lines, market and coverage limitations within the aging services sector, as well as reduced capacity to service this vertical, greater control is exactly what long-term care executives should demand.

Long-term care makes ADP's list of industries most challenged by upcoming health benefits requirements

Long-term care makes ADP's list of industries most challenged by upcoming health benefits requirements

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Long-term care is one of seven employment sectors likely to see significant challenges based on health benefits requirements in the Affordable Care Act, according to payroll services provider ADP.

Analysts: Small-business employee insurance down but reform should help

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Fewer small-business employees, especially those earning low wages, were offered health insurance in 2010, or could afford it, an analysis finds.

Looming employee insurance mandate could be a lose-lose

Looming employee insurance mandate could be a lose-lose

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Staffing has always been a major challenge in the seniors housing and care sector. And a new health insurance requirement scheduled to take effect in less than 16 months could worsen the problem.

Long-term care insurance proving easy to ignore

Long-term care insurance proving easy to ignore

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Long-term care insurance sellers must feel a bit like broccoli farmers under the first George Bush presidency. They're not getting the love the feel they deserve.

Time for a fire UNDER these caregivers

Time for a fire UNDER these caregivers

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When I embarked upon the working world, it was no surprise to discover that a fair amount of newspaper reporters smoked like chimneys. It was, however, a shock to later work on the grounds of a hospital campus and see laudable healthcare professionals — people who were saving lives! — light up.

Future looking less bright for private insurance

Future looking less bright for private insurance

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I have a simple solution for improving weather forecasts: Put insurance companies in charge. For when it comes to making accurate predictions about the future, these folks are second to none.

There will be blood

There will be blood

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I knew I was a hopelessly timid Canadian when the armed phlebotomist approached with his hands trembling and needle drawn — and I didn't think to protest. No hand raised in the international symbol of "Stop!" No screaming dash from the room. I just gritted my teeth and stoically accepted my fate.

Why the Supreme Court will vote in favor of the Affordable Care Act

Why the Supreme Court will vote in favor of the Affordable Care Act

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You may not like — nay, hate — the Affordable Care Act. The U.S. Supreme Court may agree with you. That doesn't mean the justices will strike it down.

Insurers try new tack for breathing life into long-term care policies

In an effort to boost long-term care insurance policy sales, more companies have begun selling combination products that also include traditional life insurance. These hybrid policies are usually built using universal life, which has an investment component. The policies also may pay out the death benefit early to help finance care. Sales of these new policies more than doubled last year at Genworth Financial Inc. That's quite a contrast from traditional long-term care insurance policies, which have seen their sales fall by nearly a quarter in the last five years.

Federal judge rules reform law's insurance mandate unconstitutional

A Virginia federal judge Monday ruled that the "individual mandate" aspect of the healthcare reform law violates the Constitution. It is the first such ruling among trial courts.

Good timing for AAHSA conference

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Emotions will be running high at the rapidly approaching conference of the American Association of Homes and Services for the Aging. The question is, will the mood be one of elation or disappointment?

The gloves to come off in reform debate

Now that House Democrats, the dominant party in that chamber, have issued their proposal for healthcare reform, the non-partisan Congressional Budget Office will put a price tag on it. The full House then could vote on the measure by the end of next week.

Sebelius praises CLASS Act

Sebelius praises CLASS Act

The Senate proposal to create a national long-term care disability insurance program Tuesday gained the key support of President Obama and Health and Human Services Secretary Kathleen Sebelius.

Survey: Most healthcare providers believe national health insurance plan would hurt care quality

A total of 75% of healthcare providers think that a national health insurance plan would reduce the quality of care or have a neutral effect. That is according to the results of a study of 500 various healthcare providers, including nursing homes.

Kohl introduces bill to increase long-term care insurance use but cautions about over-reliance

Sen. Herb Kohl (D-WI) has introduced legislation that would encourage the purchase of long-term care insurance. But he also emphasized during a Wednesday hearing of the Special Committee on Aging, which he chairs, that long-term care insurance still may not be for everyone and "should not be considered as a cure-all."

Several healthcare groups push for public insurance option as part of healthcare reform

Several healthcare groups, including the Service Employees International Union, kicked off a major campaign Monday to ensure inclusion of a public insurance option in healthcare reform.

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