The Impact of COVID-19 on Retirement and Aging
POSTED ON - November 19, 2020
Written By Wall Street Journal
The pandemic has affected many areas of our lives and will continue to have an impact for years to come, from solving unforeseen problems to accelerating changes for issues that were already known. While COVID-19 has created uncertainty with regards to retirement, it has also given many people a reason to consider how they want to live their lives and where they want to age.
Social Security Cost-of-Living Adjustment for 2021
POSTED ON - October 14, 2020
Written By CNBC
This week, the Social Security Administration announced a cost-of-living adjustment (COLA) of 1.3% for 2021, which is in line with predictions based on consumer price index data. The 1.3% increase is applicable to about 70 million Americans who receive Social Security and Supplemental Security Income benefits.
Updated Nursing Home Visitation Guidance from CMS Looks Toward Indoor Reunions
POSTED ON - September 23, 2020
Written By Skilled Nursing News
Last week, the Centers for Medicare & Medicaid Services (CMS) provided a new set of guidelines for nursing home visitations, which includes a roadmap for restarting indoor visits based on community spread of COVID-19. The new recommendations emphasize the importance of residents’ psychosocial needs, which are often improved by visits from family and friends.
HHS Expands Coverage for Point-of-Care COVID-19 Tests in Nursing Homes
POSTED ON - September 4, 2020
Written By Skilled Nursing News
This week, the Department of Health and Human Services (HHS) announced an extension of coverage for prescribing and administering point-of-care COVID-19 tests in congregate facilities, including skilled nursing facilities. The extension of coverage comes under the Public Readiness and Emergency Preparedness (PREP) Act and overrules any state restrictions or bans on such tests.
Wisconsin Supreme Court Rules Against DHS in Medicaid Recoupment Policy Case
POSTED ON - August 5, 2020
Written By State Bar of Wisconsin
A few weeks ago, the Wisconsin Supreme Court ruled in favor of Professional Homecare Providers (PHP), a professional organization of independent nurses, who opposed a Medicaid recoupment policy by the Wisconsin Department of Health Services (DHS). The resulting decision prevents DHS from recouping Medicaid payments due to imperfect records.
Senior Living Not Included with Nursing Homes, Hospitals for Federal COVID Relief
POSTED ON - July 15, 2020
Written By McKnight's Senior Living
Last Friday, the Centers for Medicare and Medicaid Services announced recipients for COVID-19-related resources. The list included nursing homes and hospitals but notably left out the senior living industry. Nursing homes in COVID-19 hotspots will receive immediate assistance from quality improvement organizations, the purpose of which is to provide resources and support to the facilities with known infection control issues to help protect their vulnerable residents.
How Can Technology Help Solve Work Shortage in Senior Care?
POSTED ON - June 26, 2020
Written By HealthTech
As the population grows older, more staff will be needed to care for them, whether in senior living facilities or at home. In fact, the demand for aids is anticipated to grow by 36% by 2028. As it is, senior care already faces hiring and retention challenges. Annual turnover is between 40% and 75%, which can cost organizations thousands of dollars just to replace lost staff.
How has COVID-19 Changed Retirement Planning?
POSTED ON - May 18, 2020
Written By Forbes
Earlier this month, Forbes Advisor conducted a YouGov survey of 9,675 U.S. adults to better understand how people are handling their financial priorities amid the current crisis. All in all, nearly 72% of respondents indicated they made no changes to their retirement plans. Of those age 55 and older, the percentage skewed higher to 79%, while 61% of those age 25 to 34 reported making changes during this time.