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Romeo Raabe
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Nursing Home Profit Margins Half That of Three Years Ago

Jun 7, 2013

Skilled Nursing Facilities are not doing well financially.  One third of U.S. nursing homes have no profit or are losing money per the June 7th issue of McNights LTC News.  The problem is two fold.  Nursing homes lose money on the Medicaid remibursement rate.  Many nursing homes have a significant percentage of their residents on Medicaid.  It…

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Estimating The Current Cost of Future LTC

Jun 3, 2013

With the costs of LTC services increasing at 5% to 6% annually over the past 20 years, it would be likely to expect that trend to continue.  However, with the shortage of workers for LTC facilities, it is also likely that wages, and thus prices will rise even faster.  How would I calculate how much…

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Price of Stroke to Double In Next Two Decades

May 28, 2013

The rising prevalence of stroke in an aging population is likely to more than double the cost of stroke care over the next two decades, the American Heart Association and American Stroke Association warned. Annual stroke-related medical costs are projected to jump from $71.6 billion in 2012 to $183.1 billion in 2030, according to a…

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How Prenups Fail When Long Term Care Is Needed

May 21, 2013

More second marriages (65% to 70%) than first marriages (60%) end up in divorce.  This is very important for financial advisors to consider when helping married couples plan.  Often two families blended together may have very different expectations for their money when one partner dies.  But do you consider the impact if one of the…

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Mom Is Entering A Nursing Facility, Can We Still Get Her Some LTC Insurance?

May 20, 2013

It is often a very sudden thing when we realize a loved one needs care in a long term care (LTC)  facility.  Sometimes it is within hours of a hospital discharge, other times we may have a day or two of advance notice.  This can be a very tough thing to do if there has…

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LTC Costs Are Going Up At An Accelerating Pace

May 16, 2013

A recent Wall Street Journal article was titled “As America Ages, Shortage Of Help Hits Nursing Homes”. With 10,000 Americans turning 65 every day for the next 19 years, where will our caregivers be found? The number of Americans 65 and older is projected to reach 73 million in 2030, up from 40 million in…

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LTC Insurance – It’s All About Access

Apr 24, 2013

As the baby boomers age and advance towards retirement, how they plan financially for the future is rapidly changing. One of the larger changes taking place is an increasing need for long-term care insurance (LTCI) and decisions about how it will be best positioned. Historically, LTCI has been thought of as an instrument to protect…

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Women Will Pay More – Much More!

Mar 25, 2013

80% of the people in nursing facilities are female. Women often take care of their husbands, and then nobody is left to care for them, thus they end up in facilities. With women being the main users of LTC facilities, the LTC insurance companies are going to gender specific rates this year. Who do you…

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Alzheimer’s in Now the 6th Leading Cause of Death in America

Mar 20, 2013

Per the Alzheimer’s Association, Alzheimer’s Disease is the 6th leading cause of death in America. The rate of deaths due to Alzheimers rose 68% between 2000 and 2010. This is due in large part to longevity increases and better diagnosis. One in three seniors now dies while suffering from Alzheimers or another form of dementia.…

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