In the healthcare industry, the acronym LASA, which stands for “look-alike-sound-alike” is used when referring to medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently.…
Navigating Medicare can sometimes seem like going through a maze. On the one hand, Medicare is obviously a good resource because it provides medical benefits to seniors who are often on a fixed income. On the other hand, however, navigating…
The annual Alzheimer's Disease Facts and Figures (alz.org) has now been published for 2020 by The Alzheimer's Association. The findings give pause when contemplating the future of many Americans who will be living with crippling dementia. Health care and long-term…
The largest types of insurance fraud by far are scams against government and private health care insurers. Scammers frequently target government insurance like Medicare by stealing newly issued medical ID cards and then stealing identities. The Coalition Against Insurance Fraud…
The traditional senior housing market and senior living is undergoing a profound change. In 2018 senior housing occupancy fell to an eight-year low, even as the senior population continues to increase, as competition for the younger baby boomer market is…
The terms "telehealth" and "telemedicine" refer to the ability to exchange medical information from one site to another through electronic communication to improve a patient's health. With the rapid rise of COVID-19 cases, there is the urgency to expand the…
Actuaries used to define senior housing construction projections and schedules are based on population data that are five or more years out. These metrics attempt to address occupancy and growth challenges as senior living occupancy rates fluctuated between the 86…
Assisted living rent can vary from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per…
Medicare Advantage plans are appealing to many cost-conscious seniors because 1) they include prescription drug coverage; 2) they often include dental care, eyeglasses, gym memberships and other services; and 3) the premiums are substantially less than a traditional Medigap Plan…