Pennsylvania Governor Creates Long Term Care Commission
The state of Pennsylvania is moving forward in its effort to address the growing issue of long term care. Governor Tom Corbett signed an executive order on Friday, officially creating the Pennsylvania Long Term Care Commission.
Long Term Care Commission
Several months after the original proposal of Healthy Pennsylvania, the commission will begin their work. The Healthy Pennsylvania plan was suggested to help curb the financial strain placed on the state Medicaid program and help integrate the long term care system. The plan faced heated opposition, though, mainly from Democrats who viewed it as a gutting of Medicaid. Amidst all the[…]
California Bill Would Prohibit Long Term Care Insurance Gender Based Pricing
A bill proposed in California legislature this week would eliminate gender based pricing from long term care insurance policies and prohibit companies from enacting similar pricing models in the future.
Gender Based Pricing
Assemblywoman Mariko Yamada (D- Davis) introduced AB 1553 on Tuesday, citing the current insurance pricing system as unfair discrimination.
“Gender discrimination has broad public policy implications,” Yamada said in a statement. “Women earn less than men in their lifetime and accumulate less wealth, so charging women more for the same policies is neither a fair nor effective solution to covering the industry’s costs. Pricing based on life expectancy sets[…]
Low Levels of Omega-3 Fatty Acids Linked to Brain Aging
Foods high in omega-3 fatty acids have long been praised as food vital to brain functioning. A new study found more evidence that points to the importance of omega-3 fatty acids in helping maintain brain health.
Research
Researchers analyzed data from a recent study called the Women’s 
Health Initiative Memory Study to determine the effect that consumption of omega-3 fatty acids has on the brain. They compared health records of 1,111 women who were an age of 70 years old and had no signs of dementia at the start of[…]
Advocacy Group Challenges Long Term Care Insurance Gender Based Pricing
A women’s advocacy group filed sex discrimination complaints against four of the nation’s largest long term care insurance carriers this week.
Long Term Care Insurance Pricing Model
The National Women’s Law Center filed the complaints with the 
Office for Civil Rights at the Department of Health and Human Services on Thursday, according to a press release. The complaints claim the new gender based pricing implemented by these companies amounts to gender discrimination.
Genworth, John Hancock, Transamerica, and Mutual of Omaha each introduced gender based pricing last year. The pricing practice[…]
Why Switching Policies After a Long Term Care Insurance Rate Increase Isn’t a Smart Choice
If you are among the adult Americans who own a long term care policy, then chances are you have received notice of a long term care insurance rate increase sometime in the past few years. Like many others, you might be wondering if it’s even worth it to keep your same policy or if you should switch to a new carrier. A recent experience with a client provided a great example of just why you should stop and do your research before dropping your long term care insurance policy.
Comparing the Costs
Stephen and his wife live in New Jersey and after[…]
Caregivers Increasingly Seniors as Need for Long Term Care Skyrockets
As the need for long term care increases at a rapid rate throughout the nation, so too does the demand for caregivers. Despite preconceptions about who needs care and who provides it, more and more of those caregivers are seniors, according to a new analysis.
Long Term Care
Baby Boomers are retiring en masse every day and because they face longer life 
expectancies, the chances that they will need care or assistance at some point continues to climb. Often discussed is the shortage of caregivers that this country faces, but it[…]
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