How lowering the age for Medicare eligibility could help LTC Insurance

Posted by Tom Riekse Jr on Aug 9, 2017 9:00:00 AM

Although major health care reform is on hold, ideas from Washington continue to percolate to help deal with the increasing cost of health insurance.

One of the most frequent ideas is Medicare expansion. On August 8th eight Democratic Senators introduced the Medicare 55 Act. The idea is to allow Americans from 55 to 64 to buy Medicare coverage - a "public option" to private insurance.  

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Topics: Current affairs, LTC legislative news

Would new LTC financing proposals benefit advisors?

Posted by Tom Riekse Jr on Feb 26, 2016 9:00:00 AM


Long-term care financing is an issue that affects a lot more than just people planning or paying for care.  It is a huge issue for the federal and state governments who foot the bill through Medicare and Medicaid.  LTC financing is also a big deal for providers of care - home health care firms, assisted living communities and nursing homes.

No one disagrees the current system is a mess, with a lack of understanding of who will pay for what. It's not surprising that more people don't buy long-term care Insurance or properly plan.  But what is the answer? Two organizations have recently issued reports which give some ideas on reforming LTC.  Sure, we've seen these types of proposals in the past but what is striking is how the diverse stakeholders seem to be working together to solve problems - despite the popular view that we are completely divided on policy questions and unable to come to a consensus.

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Topics: For financial professionals, Current affairs, LTC legislative news

Long-term care insurance and a wish list for the government

Posted by Tom Riekse Jr on Feb 10, 2015 3:49:33 PM

No matter what people think of HealthCare Reform, no one can deny that state and local government has been promoting the purchase of health insurance.  In Illinois, the healthcare marketplace has been advertising the "luck" health plan, showing the costs of not having health insurance through ads like this:


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Topics: LTC legislative news

Five ways California long-term care insurance regulation hurts Californians

Posted by LTCI Partners on May 14, 2014 9:52:00 AM

California leads the world in entertainment and technology and has great weather - but they are decided laggards in supporting many insurance products, including long-term care insurance.

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Topics: LTC legislative news

Why a court ruling means Medicare now covers some long-term care services

Posted by LTCI Partners on May 6, 2014 9:42:00 AM

Have you heard of the law case "Jimmo vs. Sebelius?"  It's a class action lawsuit filed in November of 2011 in which the plaintiffs sued to make Medicare pay for skilled nursing care and home care for patients with chronic conditions, not just conditioins expected to improve. Most advisors who are familiar with the Medicare LTC benefit always say that Medicare only pays for skilled care when people are improving.  That's not true anymore.

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Topics: LTC legislative news