Planning for long term care isn’t as simple as setting money aside and being done with it, especially in states where care costs more than the national average. California is one of those states and residents can benefit significantly from taking the time to prepare for long term...
Nursing homes in America are changing. Besides become more technologically equipped and altering their approach to care to a more person-centered method, nursing homes are experiencing a shift in ownership, from government and non-profit towards for-profit. Changing Ownership The...
A new proposal would require Long Term Care Insurance companies to have a loss ratio of 100% before they are permitted to raise rates. NAIC Proposal The Senior Issues Task Force, which is part of the National Association of Insurance Commissioners (NAIC), released the original...
Thomas J. McInerney, the President and CEO of Genworth Financial, spoke recently about the current status and future of the Long Term Care Insurance industry. Long Term Care Insurance Conference McInerney presented at the annual Intercompany Long Term Care Insurance conference...
The Connecticut Insurance Department has rejected a unit of Unum’s application for rate increases on certain Long Term Care Insurance policies throughout the state. Application for Increase UNUM Life Insurance Company of America, a unit of Unum Group Corporation, applied for a...
The state of Utah is posed to pass a bill that helps incentivize the purchase of Long Term Care Insurance and prepare state residents for the risk of long term care. Senate Bill S.B. 14 was sponsored by Senator Todd Weiler (R- Woods Cross) and introduced in the Senate on January...
The Pennsylvania Long Term Care Commission met for the first time last week to sort out the details of their agenda for the year. Pennsylvania Long Term Care Commission On Monday, March 7, the Secretary of Public Welfare Beverly Mackereth and Secretary of Aging Brian Duke met...
Long term care providers are speaking out against a recent decision by the FDA to reclassify certain pain medications across the nation. Reclassifying HCPs Vicodin and similar painkillers are being reclassified from Schedule III drugs to Schedule II drugs, according to a proposal...
Speaking on a cause close to his heart, Seth Rogen spoke to a mainly empty Senate subcommittee last week about the need to increase funding for Alzheimer’s research. Congressional Hearing The actor, whose mother-in-law suffers from the disease, gave a touching, and at times...
The state of Pennsylvania is moving forward in its effort to address the growing issue of long term care. Governor Tom Corbett signed an executive order on Friday, officially creating the Pennsylvania Long Term Care Commission. Long Term Care Commission Several months after the...
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