U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
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...
Public-private collaboration key to securing long-term care financing for middle-income Americans
By
Amy Novotney
Apr 09, 2021
Recent studies have found that more than half of middle-income seniors will not be able to afford the care they need, and 15% of baby boomers will incur more than $250,000 in long-term care costs. If anything,...
Take the insurance coverage and risk COVID-19?
By
Amy Novotney
Jul 22, 2020
The pandemic is forcing many older Americans to make a choice between abandoning the long-term care benefits they’ve paid for over the years or face increased risk of contracting COVID-19.
Pandemic likely to jeopardize financial security of next generation of retirees
By
Amy Novotney
Apr 16, 2020
The COVID-19 pandemic could undermine the financial security of the next generation of retirees, according to a blog post by Richard W. Johnson, director of the Program on Retirement Policy at the Urban...
Forbes: Long-term care needs more funding and a new structure
By
Amy Novotney
Jun 11, 2020
The COVID-19 pandemic has “amplified and exposed an already deeply flawed system” for long-term care in the United States, according to an analysis Wednesday in Forbes.
Most Americans want health insurance companies and Medicare to pay for long-term care: poll
By
Amy Novotney
Oct 16, 2020
Compared with 2018, fewer Americans now think individuals and families should be responsible for paying for their aging loved ones’ care. Instead, more believe that health insurance companies and Medicare...
New rule extends time frame for COBRA sign-up
By
Amy Novotney
Jul 21, 2020
A new rule issued as a result of the COVID-19 pandemic gives furloughed and laid-off workers in the long-term care industry extra time to decide whether they want to keep their employer-sponsored health...
Business groups back pandemic insurance bill
By
Amy Novotney
Sep 15, 2020
As the COVID-19 pandemic continues to decimate the financial stability of so many small firms, including many in the long-term care industry, efforts are afloat to better protect small businesses in future.
Documentation key in avoiding COVID-19 employment and wrongful death lawsuits
By
Amy Novotney
Jan 22, 2021
As of Wednesday, more than 8,000 COVID-19-related complaints have been filed across the United States, according to a national lawsuit tracker by international law firm Hunton Andrews Kurth. Although many...
LTC must be a priority in next stimulus bill: AHCA/NCAL
By
Amy Novotney
Sep 09, 2020
As the Senate returns to Washington this week, lawmakers must focus on ensuring that long-term care facilities have the resources needed to keep residents and staff members safe, according to a statement...