Proposal would allow people to pay long-term care insurance premiums from retirement plans
By
Kimberly Bonvissuto
Jun 23, 2022
A proposal allowing people to pay their long-term care insurance premiums from their retirement plans is among the amendments to legislation aimed at helping Americans save for retirement.
Proposed legislation aims to make long-term care insurance more affordable
By
Kimberly Bonvissuto
Jul 26, 2021
Proposed legislation supported by some senior living associations would allow individuals to pay for long-term care insurance from existing retirement accounts without a tax penalty.
Washington long-term care insurance program, a ‘compliance nightmare,’ may face ERISA preemption
By
Kimberly Bonvissuto
Apr 05, 2021
Washington state passed the nation’s first publicly-operated long-term care insurance program in 2019 to help offset assisted living and other costs.
Virtual reality-based therapies now covered by insurance for some long-term care residents
By
Kimberly Bonvissuto
Feb 03, 2023
Virtual reality-based therapies are now covered by insurance for some New York long-term care residents under a new partnership with an institutional special needs plan.
Government, private insurance should assume greater role in paying for long-term care: survey
By
Kimberly Bonvissuto
Sep 13, 2022
The government and private insurance should not only assume larger roles in paying for long-term care, but policies should be enacted to help older adults prepare for those costs, according to a new study.
Uber Caregiver launches insurance-covered service for older adults
By
Kimberly Bonvissuto
May 21, 2024
Older adults may now be able to use their health plans to pay for rides to medical appointments and delivery of groceries through a new Uber Caregiver program being launched this summer.
Dementia care comes with ‘catastrophic’ costs for older adults, families, study finds
By
Kimberly Bonvissuto
Apr 25, 2024
Older adults living with dementia, and their families, often face “catastrophic” out-of-pocket payments for assisted living and other types of long-term care, necessitating alternative financing and...
Medicaid Access Rule shortcomings could decrease access to care, industry advocates say
By
Kimberly Bonvissuto
Apr 23, 2024
No guarantee exists that a final rule that the federal government promoted as increasing transparency in Medicaid payments and improving wages for direct care workers will accomplish either goal, senior...
Assisted living sees 1.4 percent rate increase, lower than all other long-term care settings
By
Kimberly Bonvissuto
Mar 13, 2024
Although rate increases in assisted living communities were relatively low last year, increasing by 1.4% over 2022, those rates went up by 18.9% in total from 2021 to 2023, according to Genworth’s Cost...
Proposal would add Kentucky to mix of states trying to address long-term care financing
By
Kimberly Bonvissuto
Mar 13, 2024
Senior living provider groups are applauding Kentucky’s proactive approach to helping its residents pay for future long-term care needs with a proposal to form a task force to explore a statewide insurance...