Pebble Beach, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Pacific Grove, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Carmel, CA Genworth Long Term Care LTC Premiums To Go Up


Carmel, CA  Genworth Long Term Care LTC Premiums To Go Up

One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Salinas, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Pebble Beach, CA Get Help Dealing With Long Term Care LTC Companies

A stethoscope laying on top of papers.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.  We have multiple clients in Pebble Beach and Pacific Grove and can help you through the LTC red tape.

California Sues Brookdale Nursing Home Chain

A woman looking out of the window at her home.


Salinas), claiming that they have manipulated the Medicare ratings system to make their nursing homes look more attractive than they actually are.  The lawsuit is among the first of its kind to accuse nursing homes of submitting false information to the U.S. Centers for Medicare & Medicaid Services, or CMS, which uses data on the amount of time spent with residents and pairs it with in-person examinations by state health inspectors.  The facility is then ranked based on stars, allowing consumers to choose which facility they want to put a loved one in.  The lawsuit accuses Brookdale of falsifying its payroll-based journal entries, effectively stating that they have more staff than they do.   Prosecutors also are accusing Brookdale of illegally evicting or transferring residents so the chain could replace them with clients that generate more revenue.  A former Brookdale nursing assistant said in a deposition that her supervisors told her to falsify medical records to make it look like patients received more care than they did.

https://www.nytimes.com/2021/03/15/business/california-lawsuit-brookdale-senior-living-nursing-homes.html?campaign_id=49&emc=edit_ca_20210316&instance_id=28107&nl=california-today&regi_id=52105769&segment_id=53505&te=1&user_id=7052b81671c57203c64c377c7522baa7

https://www.brookdale.com/en/communities/brookdale-salinas.html?cid=yext

Carmel, CA Get Help Dealing With Long Term Care LTC Companies

A group of people giving thumbs up to the camera.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.

Pacific Grove, CA Get Help Dealing With Long Term Care LTC Companies

A stethoscope laying on top of papers.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.

Monterey, CA Genworth Long Term Care LTC Premiums To Go Up


Monterey, CA  Genworth Long Term Care LTC Premiums To Go Up

One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Long Term Care Facilities Account For 40% Of COVID-19 Deaths

A woman helping an older person with papers


published a story about how the fear of catching the disease has caused many patients to have gone weeks without a shower or having their teeth brushed, while residents with dementia have suffered from lack of human contact.  This often leads to depression, loss of weight, mobility and speech.  Sharon Wallace, a senior whose multiple sclerosis caused her to go into a nursing home, told the NYT, “I feel like my health is going downhill.”  This has made Aging In Place a more popular option as Assisted Living Facilities become hotbeds for disease.  “Nursing homes are really little hospitals, yet they’re not staffed like it.  If you asked an I.C.U. nurse to take care of 15 people, she’d laugh at you, but that’s essentially what we have,” Chris Laxton, the executive director of AMDA, the Society for Post-Acute and Long-Term Care Medicine said.