News
Long-term care insurance bill ‘a step in right direction,’ but more needed, industry advocate says
1+ week, 6+ day ago (172+ words) A proposed bill in the Wisconsin Assembly would add a specific long-term care guaranty account within the state's insurance security fund in an effort to bolster protections for policyholders. One state advocacy organization for the senior living industry says that…...
Long-term care insurance covers 2.6 years in assisted living, on average: report
3+ week, 1+ day ago (300+ words) Nationwide, long-term care insurance policies are being used to cover an average of 2.6 years in assisted living, where the average annual cost to live is $70,800, according to a new report from America's Health Insurance Plans. By comparison, in nursing homes,…...
Long-term care is ‘elephant in room’ in financial planning discussions, despite concerns
1+ mon, 1+ week ago (226+ words) Despite widespread concern about long-term care needs, the topic often is the "elephant in the room" when it comes to financial planning discussions, according to new data from Lincoln Financial. Eighty-two percent of respondents to an October survey via Lincoln…...
Most Americans expect to need long-term care in the future, and they don’t want that care in assisted living
2+ mon, 2+ week ago (470+ words) Most Americans participating in a new survey said that if they need long-term care, they want to receive it in their own homes instead of an assisted living community or nursing home. Results also indicate that Americans" belief that they…...
2 Pennsylvania bills address senior living workforce challenges in different ways
2+ mon, 3+ week ago (282+ words) Pennsylvania lawmakers are considering two bills that would boost the senior living and care workforce by encouraging more people to consider careers in the field. SB 116 would allow high school juniors and seniors to earn up to two graduate credits…...
CareScout launches long-term care insurance option
2+ mon, 3+ week ago (217+ words) Potential long-term care residents, patients and clients now have an additional option available to help them pay for their future care needs. Richmond, VA-based CareScout, a wholly owned subsidiary of Genworth Financial, on Wednesday announced the launch of CareScout Care…...
Independent living holds pricing power compared with needs-based senior living: NIC
2+ mon, 4+ week ago (251+ words) Independent living continues to lead the senior living industry in rent growth, holding its pricing power in 2025 compared with needs-based senior living settings, according to a blog post from the National Investment Center for Seniors Housing & Care. "Segments with longer…...
Low-income Medicare beneficiaries most likely to face healthcare affordability challenges
3+ mon, 1+ day ago (316+ words) Healthcare affordability and accessibility for Medicare beneficiaries varies by income level and subsidy eligibility. Medicare beneficiaries with lower incomes are more likely to experience affordability challenges than wealthier recipients, likely due to limited financial support, according to the paper's authors,…...
Re-introduced federal bill proposes long-term care commission, this time with senior living representation
3+ mon, 1+ week ago (388+ words) A bipartisan federal bill proposes creating a national commission to make recommendations on how to improve long-term care service delivery, financing and workforce adequacy, among other issues, to increase access to affordable services. And unlike similar bills introduced in other…...
WISH Act could 'substantially' improve retirement outcomes for those with catastrophic LTSS needs, analysis finds
3+ mon, 4+ week ago (300+ words) The Well-Being Insurance for Seniors to be at Home, or WISH, Act "substantially improved retirement-income adequacy," particularly for unmarried individuals and households with higher projected costs for long-term services and supports, in a new simulation by Chicago-based insights provider Morningstar....