The Perfect Storm Is Here
Today, we find the state of long-term care and the insurance that pays for custodial care in a state of disarray, with dozens of states attempting to design their own payment systems as Medicaid budgets continue to expand.
Tag Archives: long term care
Is Insurance Underwriting an Art or a Science?
Art or science? A bit of both. And as medical protocols, outcomes and technology evolve, it changes. Mortality or Morbidity Today, underwriting mortality, a calculation of when you will die, for life insurance can be very precise. It has been around for centuries. The first known policies date back to 1583 in England. And life
When You Are Suddenly Single
Did you ever think that one day, the marriage you committed to decades ago would be over? Or that you would find your spouse of forty years dead on the floor in his man cave?
No Such Thing as Self-Insuring
The term “self-insuring” is a pet peeve of mine. It is a term that I find particularly annoying every time I hear it. Why? It’s a misnomer. And misleading. There is no such thing as self-insuring. One of the principles of modern insurance is pooling funds from the many to pay for the losses of
Don’t Fall (Down) For Halloween
It’s that lovely time of year when leaves change and we begin planning for the holidays starting with Halloween. Any idea how much money Americans spend on ghouls and goblins? In 2021 it was $10.1 billion! Scary for sure. But even more so is aging and falling. Consider that every year 3,000,000 older adults end
No Nursing Home For Me
Health care or Medicare is very different from long-term care. Why? Health care and Medicare are designed as curative or rehabilitative programs. Not so for long-term care which is custodial care. Custodial care provides assistance with activities of daily living or supervision due to cognitive impairment. People often think long-term care is only care provided
Everyone Has One
Whether you call yours mom, mother, mommy, mama, we all have one. And if you are really lucky, yours is still alive and part of your life. There are lots of sayings about moms. “A mother is your first friend, your best friend, your forever friend.” —Unknown “Youth fades; love droops; the leaves of friendship fall;
A November Awareness Month to Remember
November is a busy month with many important causes in the spotlight! Touching on a few of our favorites, this month marks a period of awareness for Long-Term Care, Alzheimer’s Disease, Family Caregivers, and even Adopt a Senior Pet!
Long-Term Care Is A Financial Diagnosis
I am widowed. Most of my friends are widows. A couple are widowers. But most are widows. You might even call us elderly orphans. I’m not wild about the term. I like to think about us like wine. We get better with age. But many of us are basically orphans. No kids. No family close