Improving Economy? Not for the Long-Term Unemployed

What’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 - and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …

Advance Planning for Eldercare Saves Money, A New Study Shows

When it comes to planning for long-term care, the early bird does get the worm, according to a new  study: The report shows that families who anticipate their needs can save close to $11,000 a year in out of pocket expenses by planning in advance instead of waiting until a crisis. >> Sign up for the AARP Money Matters newsletter What’s more, 38 percent of family caregivers and 35 percent of care recipients in the study, commissioned by the insurance company Genworth …

Is That How YOU Met?

I met my wife the old-fashioned way, at a dance where she was another guy’s date. Our best friends met in a bar and discovered they had the same birthday. They’ve shared more than two dozen since. But that was all before the Internet. Today, 1 in 4 people between ages 50 and 64 personally knows somebody who met and fell in love online, according to a new survey from the Pew Research Center’s Internet & American Life Project. For …

Giving Family Caregivers the Respect and Support They Deserve

Caring for a loved one with chronic or disabling conditions is a daily struggle for millions of American families. For decades, these intensely personal and family needs have generally been viewed as private issues and largely overlooked in public policy, although it would cost an estimated $450 billion to replace that care. But that may be changing. The federal Commission on Long-Term Care has taken an important step to elevate family caregiving as a public issue that can no longer …

Transition to Medicaid Managed Long-Term Services and Supports: How Is It Going?

States are rapidly moving from fee-for-service to managed care for Medicaid long-term services and supports (LTSS). An inventory conducted for the federal government found that the number of states using Medicaid Managed LTSS grew from 8 in 2004 to 16 in 2012, and an AARP Public Policy Institute study  shows 11 states planning to develop new Medicaid Managed LTSS programs in 2013. Pros and Cons There are advantages as well as concerns about moving to capitated, risk-based managed care for Medicaid enrollees with LTSS needs. …

Do the Rich Benefit from Medicaid?

Do the rich benefit from the welfare-based Medicaid program? Not according to much of the testimony presented at a recent hearing of the federal Commission on Long-Term Care. Here are key questions the hearing addressed: Do wealthy people transfer or shelter assets in order to qualify for Medicaid? At the hearing, Ellen O’Brien, formerly from MACPAC, described the evidence from several major studies and concluded: “There is little basis for the assertion that people with substantial incomes or assets are …