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NIRS report cover

HCBS could be solution to ‘catastrophic costs’ of long-term care: report

Focusing more on home- and community-based services such as those provided in some assisted living communities, rather than on institutional care such as that provided in nursing homes, is one way that state and federal policymakers can address the “potentially catastrophic costs” of long-term care, according to a new report by the National Institute on Retirement Security.

Assisted living supply increases in 3 states, declines in 1: report

Assisted living supply has improved in three states in recent years, as measured by the number of assisted living and residential care units per 1,000 people aged 75 or more years, according to the 2020 Long-Term Services and Supports State Scorecard, released Thursday by the AARP and the AARP Foundation, the Commonwealth Fund and the SCAN Foundation.

CMS announces $165 million in funding to move people from nursing homes to assisted living and other settings

The Centers for Medicare & Medicaid Services will make up to $165 million in supplemental funding available to states operating Money Follows the Person demonstration programs to help state Medicaid programs boost efforts to move older adults and people with disabilities from nursing homes and other institutional settings to home- and community-based settings, the agency announced Wednesday. Such home- and community-based settings could include assisted living communities.

close-up of money, $100 bill stack

U.S. Treasury task force: Federal government must educate public about LTC costs

The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency Task Force on Long-Term Care Insurance. The analysis, which summarizes two years worth of LTC insurance system review, noted that the Financial Literacy Education Commission should include long-term care planning among its retirement education topics.

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