Genworth - McKnight's Long Term Care News


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

Roger Roemmich

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.

Gary Tetz

Long-term (care) anxiety at bargain prices

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.

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