Long-Term Care Insurance
Long-term care insurance payouts increase, and so do woes for policyholders ... New York operators subject of AG investigation back in the SNF market ... Primary care physicians still relying on antipsychotics for dementia symptoms
Wisconsin residents will be able to invest in long-term care funds set up like popular, state-based college savings plan, if legislators get their way.
Owner of FL nursing home where 12 residents died from heat once warned air conditioning failure would be 'catastrophic'... OIG says long-term care insurers can build provider networks for discounts ... More than one HHS agency given instructions on words to avoid ...
Massachusetts regulators are close to increasing oversight of long-term care insurance after several years of debate. Massachusetts regulators are close to increasing oversight of long-term care insurance after several years of debate.
States look at protection for long-term care insurance buyers ... Right-to-die trial underway in Minnesota ... Unionized nursing home workers push legislators on Medicaid reimbursements
Insurance companies struggle with long-term care ... Missouri's Medicaid program lost out on $27M, audit says ... B. Smith testifies on Alzheimer's at Senate hearing ... NLRB playing catch-up due to Supreme Court decision
There is a memorable scene in the movie "Forrest Gump" when Lt. Dan chews out the well-intentioned title soldier for saluting him while the enemy is likely watching. The implication is that if you want to strike a crushing blow to something, you take out its leader.
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.
Many families will spend modestly for dementia care, a minority face financial ruin, expert tells senatorsFebruary 27, 2014
Devastating out-of-pocket costs for long-term dementia care are likely to hit a relatively small proportion of families in the coming years, but many families will experience minor costs, an expert told a Senate committee Wednesday.
Senators and a panel of experts wrangled over whether effective long-term care reform hinges on a federal mandate for all individuals to buy some type of LTC insurance, at a Special Committee on Aging hearing on Thursday.
What the long-term care insurance market could use right now is a healthy dose of capitalism. It ain't gonna happen.
Long-term care insurance policyholders should expect rate hikes, two of the most prominent vendors in the market have announced.
What happened last week in Washington was not exactly highlight reel material. That is, unless you want to showcase public sector dysfunction.
Many Americans mistakenly believe that long-term care in the United States is primarily paid for out-of-pocket, according to the latest poll to show how deeply people misunderstand this aspect of the healthcare system.
Lack of information prevents long-term care planning even for those with high incomes, SCAN report findsAugust 16, 2013
Americans who are earning high incomes often do not plan sufficiently for their long-term care needs, according to a new report from the SCAN Foundation and Langer Research Associates.
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.
'Scary' front-page story gave scant attention to benefits of long-term care insurance, industry group saysJuly 08, 2013
Long-term care insurance has benefited policyholders more than a recent Wall Street Journal front-page story indicates, according to the nation's largest LTC insurance trade group.
Some same-sex couples in the nation's most populous state will have expanded access to long-term care, following two historic U.S. Supreme Court decisions announced Wednesday.
A new poll* finds that two-thirds of people 40 years old and older have done little or no preparing for the challenging and expensive reality of aging. I think most people seem to have the mentality, "I'll cross that bridge when I come to it." Kids, if you're at least 40 years old, the bridge is here.
A new House bill would reduce the amount of home equity that is exempted when determining Medicaid eligibility for long-term care. The "Medicaid Program Integrity Act of 2013" would give states the option of setting the home equity exemption as low as $50,000.
The country's long-term care financing system for consumers must be revamped within five years to meet the needs of aging baby boomers, according to The SCAN Foundation. In eight reports released Wednesday, the organization laid out policy recommendations for taking pressure off government programs while increasing the availability and affordability of long-term care financing for consumers.
States are increasingly are implementing regulations designed to help resolve consumer tussles with long-term care insurance companies, according to news reports.
Long-term care insurance policies may not be long for this world, according to a new Wall Street analyst report.
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 recently asserted.
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.
Genworth Financial announced that it is taking several of its long-term care insurance options off the table.
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.
Could private long-term care insurance policies stop being sold? That's a distinct possibility, according to an article that recently ran in Investment News. The author notes that many of the companies that once offered the product no longer do so. In the past three years alone, Unum Group, Guardian, MetLife and Allianz have left the business. One challenge is that many companies did not know how much they would have to pay out once the policies were needed. Add in the low fixed-income returns insurance companies are making on the premiums, and the challenge becomes clear. According to some experts, insurers will have to revise coverage and increase premiums if they are to stay in this sector.
As the trajectory of long-term care costs rises, experts on funding gave varying approaches on how to achieve savings at a Senate hearing.
Insurance stalwart Prudential Financial announced Wednesday that it is exiting the long-term care insurance business.