The conclusion reads: “The life and health insurance industry feels strongly that the time for reform is now in order to prepare for the needs that long-term care will face. Our industry stands ready to play an important role in supporting governments and stakeholders in the reforms that will prepare the long-term care system to meet future demands.” If this is so, then why is the [...]
Provinces trying to support more seniors to return home with supports CBC News Nov 29, 2012 On any given day about five per cent of acute hospital beds are occupied by "alternate level care" patients and 85 per cent of them are seniors. Seniors are clogging our hospitals because they have nowhere to go. There are not enough long term care beds nor rehab beds. There [...]
TERRY CAIN The Globe and Mail It's that nagging feeling. I have insurance - but is it enough? Is it the right kind? How do I know? Most people who earn income and have a family have some form of life insurance - either through an employer group plan, or on their own. Many people have both, after deciding their group life insurance wouldn't adequately cover [...]
Alzheimer's disease, stroke and arthritis rank as the top causes of for long term care insurance claims according to research. Insurers paid $6.1 billion in claims according to the American Association for Long-Term Care Insurance. Approximately 200,000 Americans receive benefit payments as a result of owning long term care insurance and a new study reveals the top causes of requests for claims. "Insurers paid out $6.1 billion [...]
(Source: US News and World Report) - Research released at an international Alzheimer's conference in Paris found that seven risk factors may contribute to as many as three million cases of Alzheimer's in the United States. The operative word here is "may". The research identified potentially modifiable Alzheimer's risk factors, and the proportion of cases that are potentially attributable to each factor: Physical inactivity: 21 percent [...]
By James Daw Two Kitchener brokers have developed a new insurance policy to protect you if you become an executor or trustee and you fear being sued by dissatisfied heirs. The Waterloo insurer that backs the insurance would pay for a lawyer to defend you against allegations you sold property or investments at the wrong time or price, played favourites with heirs or put your own [...]
When your parents can’t take care of themselves A look at the basics of eldercare and how to pay for it The financially well-prepared senior A checklist of items that aging parents should discuss with their kids and a look at key documents to prepare Having ‘The Talk’ with aging parents How do you raise the topic of estate planning and wills, tactfully? Rob Carrick takes [...]
As found by a U.S. landmark study, Our Family, Our Future: The Heart of Long Term Care Planning, sponsored by Genworth Financial (Genworth) and released by Age Wave and Harris Interactive. Financial Contributions: While only 40 percent of caregivers expect they will contribute financially to the care of a family member, the reality is that 83 percent actually do. Income Hit: In actuality, 63 percent of [...]
The American Association for Long-Term Care Insurance (AALTCI) posted the results of the2010 LTCI Market Study. More than 400 professionals responded to the survey. The results reflect responses by personal producing agents who have sold at least one LTCI policy in the past 12 months. The report stresses success through specialization; more and more producers are turning to specialization as opposed to casually selling the product. So [...]
An announcement from Karen Henderson As you may know, I have been creating educational tools for aging and long term care planning for advisors and their clients since 2003; I have been an aging and long term care expert since 1996. At the urging of many advisors I became licensed to sell living benefits products two years ago and now am very pleased to announce [...]
Total spending on health care in Canada is expected to reach $191.6 billion this year, growing an estimated $9.5 billion, or 5.2%, since 2009, according to new figures released today by the Canadian Institute for Health Information (CIHI). Quick facts on spending Canada is expected to spend $191.6 billion on health care in 2010, up from an estimated $182.1 billion in 2009 and $171.8 billion in [...]
In Canada, "bed blockers" – older people stuck in hospital, ready for discharge, lacking the home support or alternate accommodation they require – occupy 5,000 hospital beds and consume $200 million annually. They clog emergency departments and expand wait times for others. Also known as ALC or alternate level of care patients, they languish in hospitals because there is in most cases nowhere else to send [...]
