Bipartisan BENES 2.0 Act could mean more money in the pockets of long-term care residents
By
Kathleen Steele Gaivin
Feb 22, 2022
Older adults and long-term care residents could end up with more money in their pockets if the Senate’s bipartisan Beneficiary Enrollment Notification and Eligibility Simplification 2.0 Act becomes law....
48 percent of private-sector employees don’t have workplace retirement plans
By
Kathleen Steele Gaivin
Jul 15, 2022
Access to a workplace retirement plan is an important means of planning for financial security later on, and yet 48% of U.S. private-sector employees aged 18 to 64 work for an employer that does not offer...
The work-from-home surge may lead workers buy retirement homes even before they retire
By
Amy Novotney
Sep 22, 2020
COVID-19 has forced many Americans to work remotely — and some companies even have added an option for employees to work from home for the rest of their careers. For the senior housing industry, this...
Independent living model means lower occupancy losses, better financial performance during pandemic,...
By
Kimberly Bonvissuto
Aug 10, 2020
Although the COVID-19 pandemic continues to have a significant effect on the senior living industry, New Senior Investment Group’s independent living business model has meant lower occupancy losses,...
Pandemic could be even worse for older workers’ retirement than the Great Recession: economists
By
Amy Novotney
Jun 25, 2020
In a new analysis for CNN, two economists predict that the COVID-19 will have an even more profound effect on the retirement savings of older American workers’ than the Great Recession did more than...
Medicare repayment begins in April for most LTC operators who received pandemic loans
By
Alicia Lasek
Mar 26, 2021
The repayment period for CMS’ Medicare Accelerated and Advanced Payment program does not begin until one year after the first payment was made to a provider or supplier. That means April for most LTC...
Thousands of Washingtonians look to opt out of long-term care insurance tax
By
Kathleen Steele Gaivin
Sep 09, 2021
Washington state is set to launch next year the nation’s first publicly operated insurance program next year to help offset residents’ future long-term care costs, but not all workers are on board...
Labor Department excludes senior living from COVID-19 relief bill’s paid leave requirement
By
Amy Novotney
Mar 29, 2020
The Department of Labor released updated questions and answers regarding the Families First Coronavirus Response Act Saturday, and provided guidance categorizing senior living providers as “health care...
Bondholders for Illinois CCRC file Chapter 11 plan of reorganization, suggest change to resident agreements
By
Amy Novotney
May 20, 2020
Bondholders Lapis Advisers LP and Amundi Pioneer Asset Management have filed a Chapter 11 plan of reorganization and disclosure statement for Bartlett, IL-based continuing care retirement community Clare...
‘Hung out to dry’: Groups urge extension for vaccine mandate in Maine
By
Kathleen Steele Gaivin
Aug 31, 2021
Five healthcare advocacy groups are asking Maine Gov. Janet Mills (D) to extend the deadline for mandatory vaccines for healthcare workers across the state, citing a “severe and worsening essential support...