LeadingAge is looking at a variety of integrated approaches and incremental solutions that will help ease the financial and emotional burdens for individuals and families needing long-term services and supports.
A universal catastrophic insurance program, a series of private-sector initiatives and public policies, and a modernized Medicaid long-term services and supports safety net are the components of a system for financing LTSS in the United States recommended in a report issued Feb. 22 by the Long-Term Care Financing Collaborative.
Today, Genworth is launching a medically underwritten, single-premium product designed to provide guaranteed monthly income for Americans aged 70 to 95 who need long-term care now or will soon.
A mandatory, universal approach to long-term care insurance that covers catastrophic events could optimize coverage while minimizing costs, LeadingAge maintains in a new report.
Long-term care insurance companies paid $8.15 billion in claim benefits to 260,000 individuals in 2015, according to the American Association for Long-Term Care Insurance.
The Eldercare Workforce Alliance, National Center for Assisted Living and American Health Care Association are among the groups expressing concerns about Senate Finance Committee Bipartisan Chronic Care Working Group ideas for improving care for Medicare beneficiaries who have chronic conditions.