The overall costs for long-term care insurance have increased 8.6 percent compared to last year, according to the 2015 Long-Term Care Consumer Price Index. The research reviewed costs for both men and women at varying age levels who are currently paying for or are interested in purchasing long-term care insurance.
The Centers for Medicare & Medicaid Services (CMS) announced today that it has developed an electronic system whereby long-term care (LTC) facilities will submit staffing and census information as required under the Affordable Care Act. The system, which CMS is calling the Payroll-Based Journal (PBJ), is being implemented via funding from the Impact Act of 2014.
A drug used to treat stroke victims could help stop the progression of Alzheimer's disease according to new research.
The steep cost of caring for the elderly continues to climb. The median bill for a private room in a nursing home is now $91,250 a year, according to an industry survey out Thursday.
I recently returned from a few days at the long-term care insurance industry’s national conference, held this year in Colorado Springs. The organizers asked me to participate in a panel discussion on policy solutions to the challenges of financing long-term supports and services. But I also had an opportunity to listen to what insurance company executives, brokers, and actuaries had to say about their industry’s future.
Many of the nation’s Millennials think their boomer parents are doing a lousy job planning for their long-term care needs, according to a new survey from Genworth Financial (a leading seller of long-term care insurance policies).
While I was growing up, my grandfather became, and continues to be, one of the greatest role models of my life. With that being said, he wasn't perfect and didn't have all of the answers. Unfortunately, after investing in long-term-care insurance for 20 years, my grandfather passed away only 20 days into his elimination period.
Past research has associated obesity with increased risk of dementia. But a new study - deemed the largest ever to assess the link between body mass index and dementia risk - suggests obesity could actually be a protective factor against the condition, while people who are underweight may be at increased risk.