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Curing Alzheimer’s – Part 1 (Funding the Research is Tricky)

June 1, 2018 by Honey Leveen Leave a Comment

Dementia is the umbrella term for the symptoms some older adults experience as they slowly lose  their sense of self and their cognitive abilities. Alzheimer’s disease causes about 60% – 80% of dementia. In the United States, someone is diagnosed with Alzheimer’s every 66 seconds. When do we get to the task of curing Alzheimer’s?

By the year 2050, we expect to live past 80. We see the need for a cure continue to grow, but the funding for research of Alzheimer’s is shrinking.

Before they can even test potential cures, scientists must be able to identify appropriate test subjects. I’ve written past blogs about the importance of early diagnosis. Once patients are fully symptomatic, curing Alzheimer patients become less likely. So the focus of Alzheimer’s research is finding people in the early stages of the disease.

3 Hurdles to Curing Alzheimer’s

Health and Science reporter, Katherine Ellen Foley, shares the 3 major challenges in getting new drugs to market:

  1. Doctors can’t see evidence of the disease until it’s too advanced to cure. By the time cognitive issues show up, the neurons have already been damaged beyond repair. The drugs simply do not exist to reverse the conditions that may have been building over the last 10-20 years.
  2. There are no reliable tests for the early stages. There is a danger in prescribing Alzheimer’s medication to someone suffering memory loss due to other forms of dementia or aging. However, scientists have identified the amyloid plaques that cause all the damage and are in the earliest stages of creating a blood test to find these early markers.
  3. Scientists can’t gather enough test asymptomatic test subjects for an effective long-term study. The good news is that researchers are now working with the Dominantly Inherited Alzheimer Network. These people are genetically guaranteed to show Alzheimer’s symptoms in their 40s and 50s. While this is only a sliver of the population (only about 1% of all Alzheimer’s patients), it’s a good starting place.

Pharmaceutical Companies Don’t See the ROI

Of course, all of this research requires funding. Historically, the pharmaceutical industry has been behind a lot of medical research, expecting to recover costs through future drug sales.

Many studies have found early lifestyle choices (diet, exercise, social engagement) to play a role in reducing the risk for developing Alzheimer’s. As Foley reports, “Without the promise of a big payoff, it’s doubtful pharmaceutical companies will fund studies to explore lifestyle interventions.”

We are banking on the research efforts in the science community to find some practical results for curing Alzheimer’s disease. With or without the medication, it is important that we each prepare for our own lifestyles in our later years. I’m happy to report that my clients with Long Term Care insurance (LTCi) have built their own safety net that will enable them and their family members some peace of mind.

Click here to receive your customized quote for your own LTCi policy.

 

Filed Under: Uncategorized Tagged With: Alzheimers Disease, dementia

Today’s Long-Term Care Policies Are Well Priced

April 18, 2016 by Honey Leave a Comment

Good Value For MoneyThe March, 2016 edition of Broker World Magazine features an article called “Reflecting On Rates – Examining The Outlook of Today’s LTCI Pricing” written by two actuaries, Marc Glickman and Laury Falter, both of www.LifeCareAssurance.com. I can email this article to you.

They state that there is strong evidence of significant and mostly unrecognized safety in current long-term care insurance (LTCi) pricing, as a result of the Society of Actuaries Pricing Project, a very long range study.

They explain “LTCi pricing is now more conservative than ever because interest rates are at historical lows. Lapse rates have been effectively de-risked, and both mortality and morbidity reflect more conservative best estimates.”

The odds of suffering oppressive, frequent rate hikes on today’s LTCi policies are very low. The article goes on to back up these claims.

Of interest is a new trend caused by improved mortality and morbidity, meaning LTCi policyholders are dying, getting sick, and filing claims later than expected.

Only about 22 % of all LTCi claims are caused by Alzheimer’s Disease or other dementias. However, the article states that over half of all LTCi claim costs are due to Alzheimer’s or dementia.

Today’s LTCi policies are more lenient than ever. Buyers can expect very stable rates going forward!

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Alzheimers Disease, Laury Falter, Long Term Care insurance, LTCi, LTCi rate hikes, Marc Glickman

The World’s Greatest Excuses

December 21, 2015 by Honey Leave a Comment

Dog CollarPlease note:  Name below has been changed – I see this person often and consider us good friends.

Women need much more long-term care than men do. This is because we live longer and we have higher odds of getting Alzheimer’s Disease!

Single women have the greatest odds of needing long-term care.

You would think women would take heed. But they’re not!

Here’s the most recent, tragic story of middle class people unprepared for long-term care.

Here’s the most recent story I’ve seen about how long-term care insurance (LTCi) saved the day by conserving wealth and keeping family function in-tact.

Here’s the latest excuse a friend has given to avoid thinking of, and planning for, long-term care (LTC). I’ve changed her name.

Gloria is a single retired university librarian. She has a special needs daughter who will never be independent. She’s in her 60’s. She has another daughter who’s a single professional, living in another state.

Gloria bought a second pedigreed dog. She plans on training this dog to compete in races.

I gather it is very expensive and takes the equivalent – and more – than long-term care insurance (LTCi) premium would cost to buy, maintain, and train this type of dog.

She told me the new dog will keep her active and will help her avoid needing long-term care.

Filed Under: Denial, Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Alzheimers Disease, Excuses For Not Buying LTCi, Long Term Care insurance, long-term care, LTCi, Medicaid, Medicare

Women and Alzheimer’s

October 16, 2015 by Honey Leveen Leave a Comment

Women AlzheimersAn October 7, 2015 Pacific Standard story by Maya Dusenbery reports that Alzheimer’s has a disproportionate impact on women. We are more likely to develop the disease and more likely to care for someone with it. Researchers estimate that per capita, women bear more then six times the cost of care for Alzheimer’s than men do. These findings are from a new study by The Jacobs Institute of Women’s Health.

Most disturbing to me is that women in their 70s are at almost twice the risk for getting Alzheimer’s as men in the same age group.

My advice is to prepare yourself for our impending Alzheimer’s epidemic, especially if you’re a woman. The best way to do this is with reasonably priced long-term care insurance (LTCi), and now’s the best time to buy it!

Filed Under: Elephant in the Room, Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Alzheimer's Society, Alzheimers Disease, Honey Leveen, Long Term Care insurance, LTCi, Maya Dusenbery, Pacific Standard, www.honeyleveen.com

“Glen Campbell…I’ll Be Me”: See it!

November 17, 2014 by Honey Leveen Leave a Comment

Glen Campbell Ill Be MeGoogle “Glen Campbell” and you will find hundreds of links to stories about this famous and beloved entertainer and his struggle with Alzheimer’s Disease. A documentary called “Glen Campbell…I’ll Be Me” is opening across the country during October and November 2014, to very favorable reviews. Click here to see a film trailer.

Jim and I just saw the film on its opening day here in Houston. We not only enjoyed it, but we also highly recommend that you see the film. If you miss it, you should be able to find it on Amazon or as part of your Netflix subscription.

Although the film is on a very tough subject, it is thoroughly entertaining. It is unabashedly graphic and candid. Mr. Campbell’s ordeal is described and shown, but not ruminated on. As this Variety story states, laughter outweighs tears in the film.

It is very clear to me that Mr. Campbell and his large, well-functioning, loving, courageous family are sharing their experience to help educate and warn people to plan for long-term care, due to the impending Alzheimer’s epidemic.

The family has been accused of exploiting Mr. Campbell’s condition for personal gain. How ridiculous! They already have huge wealth, and I doubt that the film will generate much money. Even though it is excellent, it’s no blockbuster.

In one of the interviews I watched (minute 3.20), Mrs. Campbell says Mr. Campbell needed not one, but two caregivers at a time to help with lesser-known Alzheimer’s symptoms, such as agitation, nightmares and hallucinations. She says that he has now progressed to Stage 6 and lives in an Alzheimer’s specific facility.

None of the articles I read or interviews I watched disclosed the cost of Mr. Campbell’s care. It is undoubtedly exorbitant. It is also obvious to me, and I will bet my entire career on this, that he does not own long-term care insurance (LTCi). I am sure that if he owned LTCi, it would have been mentioned and praised.

Yet Mrs. Campbell appears to be composed and shows few or no signs of caregiver stress. She and her children are present and involved with her husband’s care, but not shackled to his side. Good outcomes under the circumstances described, are simply a matter of having enough money. Google Glen Campbell net worth to discover he is worth $50 million. This family has so much money that the cost of giving Mr. Campbell the very best possible care is of little consequence to them.

Few of us are as wealthy as the Campbells. If we have need and want to access high quality long-term care and all the dignity associated with it, without damaging our family or finances, there is no other option than LTCi ownership.

Filed Under: Elephant in the Room, Helpful Information About LTC, I'll Just Self-Insure Tagged With: Alzheimers Disease, Glen Campbell, Honey Leveen, Long Term Care insurance, LTC Insurance, www.honeyleveen.com

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Honey Leveen, LUTCF, CLTC, LTCP
“The Queen, by Self-Proclamation, of Long-Term Care Insurance (LTCi)”
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Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

Email: honey@honeyleveen.com

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