While Americans are living longer than the generation before them, one-third haven’t considered their potential long-term care financial needs and impact when it comes to their longevity and lifestyle, according to a new study from Northwestern Mutual. The Long-Term Care Awareness Study also found that less than half (46 percent) of Americans feel financially prepared [ Read More ]
Three quarters of Canadians (74 per cent) admit they have no financial plan to pay for long-term care if they needed it, according to a new poll by Leger Marketing on behalf of the Canadian Life and Health Insurance Association (CLHIA). “Canadians have not adequately prepared for their future long-term care needs,” says Frank Swedlove, [ Read More ]
Panelists participating on a Lincoln Financial Group-sponsored webcast focusing on long-term care issues urged consumers to adopt a “retirement mindset” and be certain to understand the funding options available well before a need arises. Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group (NYSE: LNC), sponsored the media webcast, “Understanding Long-Term Care [ Read More ]
Deciding when a resident is eligible to move to skilled care ranks among the most challenging dilemmas for long-term care facilities. Tracking Medicare Part A admissions rules, MDS assessments, eligibility requirements and benefits periods can stymie even the most careful administrators and clinicians — and negatively impact reimbursements, which can average from $350 to $650 [ Read More ]
Without bold action, state governments’ obligation to their Long-Term Care (LTC) Medicaid enrollees may have the potential to debilitate government effectiveness, according to a new report by Deloitte’s Center for Health Solutions. The report, “Medicaid Long-term Care: The Ticking Time Bomb,” cites the immense pressures on state budgets, the fact that Medicaid is the nation’s [ Read More ]