Archive for October, 2007
Article: States’ Underfunding of Senior Long-term Care Undermines Medicare Stability
Wednesday, October 31st, 2007Article: Life insurance company ratings: What you should look for
Wednesday, October 31st, 2007This is an important article. Print it out and refere to it.
Article: Reverse mortgages: one option for future security
Wednesday, October 31st, 2007Article: Rural nursing homes face crisis in Medicaid funding
Wednesday, October 31st, 2007Article: Study: 1 in 7 over 70 suffer dementia, McKnight LTC News & Assisted Living
Wednesday, October 31st, 2007Study: 1 in 7 over 70 suffer dementia
October 31 2007
Nearly 15% of seniors age 71 and older have dementia of some sort - and nearly two-thirds of those have Alzheimer’s disease, a new analysis suggests.
That is equal to about 3.4 million Americans with dementia of some kind, according to the National Institutes of Health-sponsored study. It is the first to estimate rates of dementia and Alzheimer’s disease using a nationally representative sample of seniors across the country, researchers said.
The analysis was part of the Aging, Demographics and Memory Study (ADAMS), which itself is a part of the larger Health and Retirement Study (HRS). Findings were published online this week in “Neuroepidemiology.”
Article: Nursing Home Room Averages $78,000, McKnight LTC News & Assisted Living
Wednesday, October 31st, 2007Survey: Nursing home room averages $78,000
October 31 2007
The costs of private and semi-private rooms rose 3% nationwide during the last year, slightly higher than the rate of inflation, according to survey results released Tuesday. The average cost of a private nursing home room jumped to $213 per day, or $77,745 annually. The average cost of a semi-private room hit $189 daily, or $68,985 per year.
Meanwhile, average assisted living costs remained nearly the same - $2,969 per month, or $35,628 annually, according to the 2007 MetLife Market Survey of Nursing Home and Assisted Living Costs.
Nursing home charges continued to be the highest in Alaska ($510 daily, or $186,150 yearly) and lowest in Baton Rouge, LA ($123 daily, $44,895 annually).
Average assisted living costs were the highest in and around Washington D.C. ($5,031 per month, or $60,372 annually) and lowest in Indianapolis ($1,963 monthly, $23,556 yearly).
Also discovered: The percentage of assisted living facilities offering dementia care jumped to 59% from 48% over the last year. Full survey results can be found here.
Article: What Is Long Term Care Insurance?
Wednesday, October 31st, 2007Article: You Can Ease Women’s LTC Fears
Tuesday, October 30th, 2007IRS Releases 2008 Limits on Deductions for Qualified LTCi Premiums
Tuesday, October 30th, 2007
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October 30, 2007 IRS Releases 2008 Limits on Deductions for Qualified LTCi Premiums The Internal Revenue Service has announced the maximum tax deduction that can be taken on premiums for qualified long-term care insurance policies in 2008.
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