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  • Obesity

Link Between Obesity and Long Term Care

By |May 16, 2013|Categories: Government, Insurance Industry, Retirement Planning|Tags: , , , |

More than 1/3 of adults in the United States are considered obese. This staggering number has led to a number of studies regarding obesity and the effects it has on society. The studies found that in middle aged individuals, obesity is a risk factor for predicting future nursing home admission.

In order to understand the huge threat that obesity poses to our nation, we must understand who in the United States is obese and what effects obesity has on our health.

Obesity in Children obesity long term care

According to the CDC, childhood obesity[…]

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  • State Farm

State Farm Long Term Care Insurance Requests Rate Increase

By |May 10, 2013|Categories: Benefits, Government, Insurance Industry, Retirement Planning|Tags: , , , , |

State Farm Mutual Automobile Insurance Company recently filed for a substantial increase in rates for their Long Term Care Insurance policies in both Connecticut and Pennsylvania.

Rate revision requests were filed in mid-March for State Farm Long Term Care Insurance policies in Pennsylvania and at the end of April for policies in Connecticut.

Substantial Increase in Rates

The current average premium for State Farm Long Term Care Insurance policies has been around $1200/year in Connecticut and $1800/year in Pennsylvania. state farm long term care insurance rate increase

State Farm is requesting an average rate increase[…]

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  • Nursing Home Workers

Minnesota Nursing Home Workers Get Pay Raise in Budget Bill

By |May 9, 2013|Categories: Government, Medicare, Retirement Planning|Tags: , , , , |

A budget bill passed in the Minnesota House of Representatives proposes a 3% raise for employees at Minnesota nursing homes.

Budget Disagreements in the House Minnesota Nursing Homes Discussed in Budget Bill

The bill addresses the $11.2 billion budget of general funds being appropriated for Health and Human Services programs. The omnibus bill, which passed in the House with a vote of 70 to 64, would reduce the overall HHS budget by $150 million over the next two years.

Heavy debate was placed on this topic, with members of both parties fighting over whether[…]

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  • Patient Receives First Ever Brain Pacemaker

Alzheimer’s Patient Receives First Ever Brain Pacemaker

By |May 8, 2013|Categories: Government, Psychology, Retirement Planning|Tags: , , , , |

The first ever brain pacemaker was recently implanted in a woman suffering from the early stages of Alzheimer’s.

Kathy Sanford was the first of 10 patients with mild or early stage Alzheimer’s to take part in a new study. The study’s intent is to determine whether a brain pacemaker can improve cognitive and behavioral functions in those affected by cognitive illnesses like Alzheimer’s and other forms of dementia.

How Does a Brain Pacemaker Work?

The FDA-approved study that began in October 2012 is being conducted by doctors and researchers at Ohio State University’s Wexner Medical Center and is scheduled to end in 2015. 

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  • US Nursing Home

US Nursing Home Long Term Care Improving, According to Report

By |May 8, 2013|Categories: Breaking News, Government, Insurance Industry, Medicare, Retirement Planning|Tags: , , , |

According to a recent report, US nursing home long term care, post-acute care, and rehabilitative care quality in the United States have all showed steady progress in improving long and short stay quality indicators.

The report, released by the Alliance for Quality Nursing Home Care (AQNHC), was compiled using data analysis from PointRight, a national long-term care analytics firm. Quality of care was analyzed by using the Center for Medicare and Medicaid Services (CMS) quality measuring standards.

Most Areas Show Improvement

Nursing homes, also known as skilled nursing facilities or SNFs, improved in all four CMS measures utilized for short stay[…]

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  • Legislative Committee

Connecticut Long Term Care Insurance Bill Killed in Legislative Committee

By |May 7, 2013|Categories: Breaking News, Government, Insurance Industry, Retirement Planning|Tags: , , , |

A bill introduced in the Connecticut General Assembly that would create a $500 personal income tax credit for premiums paid on Long Term Care Insurance has lost momentum.

Killed in Committee

On Monday, the Finance Revenue and Bonding Committee decided not to vote on the bill. Their decision gives the bill an uncertain fate during the current legislative session.

Objections raised by opponents of the bill claim it is too costly to the state. The tax credit will cost an estimated $71.5 million in 2014, $78.3 million in 2015, and $84.6 million annually from 2016 on, according to the Office[…]

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