Understanding changes in long-term care insurance We’re two years into the Covid-19 pandemic, and it’s hard to find an industry unaffected by change. The long-term care insurance industry is no exception. As a result of the pandemic, insurers have seen higher death rates and lower long-term care claims, according to a survey by Milliman, an actuarial […]Read More
With staff shortages and residents’ social isolation, what needs to change in our nation’s nursing homes? Undeniably, the pandemic has exposed vulnerabilities in our nation’s long-term care facilities, including skilled nursing facilities and other communal residential facilities for older adults. Deaths in senior housing due to Covid-19, along with the impact of social isolation, dominated […]Read More
Look outside the box to pay for long-term care Ask someone about their ideal living situation in their golden years, and they’ll likely say they hope to live a healthy, independent life into their 90s. In many cases, though, that’s not the reality. An estimated 17% of adults age 75 to 84 and 42% of adults […]Read More
In the middle of the night, Stefania Silvestri lies in bed remembering her elderly patients’ cries. “Help me.” “Please don’t leave me.” “I need my family.” Months of caring for older adults in a Rhode Island nursing home ravaged by Covid-19 have taken a steep toll on Silvestri, 37, a registered nurse. She can’t sleep, […]Read More
A tidal wave of grief and loss has rolled through long-term care facilities as the coronavirus pandemic has killed more than 91,000 residents and staffers in the U.S. — nearly 40% of recorded Covid-19 deaths in the U.S. And it’s not over: Facilities are bracing for further shocks as coronavirus cases rise across the country. […]Read More
A buyer’s guide to protecting yourself for future care costs No one wants to think about needing care as we get older, much less about the cost of that care. But, in reality, we may eventually need help managing our daily living — and we will need to pay for that assistance. Long-term care insurance […]Read More
Q: How does a shared-benefit rider for long term care insurance work? Does it cost more than regular coverage? A: One of the big unknowns with long-term-care insurance is predicting how long you’ll need benefits. Although the average need for care is about three years, you might die before needing any care or you could […]Read More
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