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“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

Mechanics and Basics of LTC Rate Increases

November 10, 2014 by Honey Leveen Leave a Comment

LTCi Rate IncreasesI’m fond of this article about long-term care insurance (LTCi) rate hikes from The Society of Actuaries Long-Term Care newsletter.

Yes, I belong to the Society of Actuaries! I have for years. I’m in the LTCi section. I get a quarterly newsletter and try never to miss their annual conference. I normally can barely understand lots of their newsletter articles (which, unsurprisingly, are usually written by actuaries) because they’re so technical.

Once in a while, however, actuaries write articles that are accessible to non-professional mathematicians. “Mechanics and Basics of Long-Term Care Rate Increases” is an example of such a rare event.

Click here to read my prior blog about how and why LTCi rate hikes occur.

Any detail-oriented person interested in really understanding the inner working mechanisms of LTCi should read both my blog and this article.

Filed Under: Helpful Information About LTC, Information About LTC, Long-Term Care Awareness Month Tagged With: Honey Leveen, Long Term Care insurance, LTCi, Society of Actuaries, www.honeyleveen.com, www.soa.org

Human-Caused Global Warming Is Here But Denied, Just Like LTC Odds

November 2, 2014 by Honey Leveen Leave a Comment

Global WarningAccording to an article in the September-October issue of Audubon Magazine by Elizabeth Kolbert, who’s written the recently released “The Sixth Extinction: An Unnatural History,” 97% of all climate scientists agree that human-caused climate change is happening.

According to a Pew Research Center Study done earlier this year asking Americans about their own beliefs in global warming, only 45% of us believe human activity was the main cause. And only 58% of us know that carbon dioxide is the gas most scientists believe causes temperatures in the atmosphere to rise.

I am pretty fascinated by this denial of climate change. It parallels denial of the need for responsible long-term care planning in so many ways. I believe the psychological denial mechanism used to avoid believing in global warming is nearly identical to denial of the high probability of needing long-term care. Both are about avoidance of the most unpleasant facts. Both issues mandate discussion and education in order to understand them properly and to do something constructive about them.

Global warming has been in the press a lot lately and is now being given the credibility it deserves. Still, important discussions about it in Washington and most states is not occurring.

For most of the 25 years I’ve been selling long-term care insurance (LTCi), the press has often misrepresented the facts and typically led articles with a negative, inflammatory bias even when some truth follows. And financial pundits have often pooh-poohed the need for LTCi.

Recently, however, the press and pundits have begun to report affirmatively on the need for LTCi and  responsible LTC planning. Still, not enough of us are following their lead. In coming years, there will be a lot of Baby Boomers and their families in turmoil and crisis due to unplanned needs for LTC.

Here’s a cool website called What We Know. Its purpose is to educate the public, which hopefully, will create better public policy concerning global warming. This site is produced by the American Association for the Advancement of Science.

The long-term care insurance (LTCi) industry has comparable, highly reputable sites with outstanding LTCi content and education. Here’s one: www.aaltci.org. Find links to several more, here.

No one seems to read these sites. Or perhaps they read them and there is some type of emotional disconnect, an inability to assimilate such inconvenient truths.

Filed Under: Denial, Elephant in the Room, Helpful Information About LTC, Information About LTC Tagged With: AALTCI, Audubon Magazine, Denial, Elizabeth Kolbert, Global warming, Honey Leveen, Long Term Care insurance, LTCi, Pew Research Center, www.honeyleveen.com

Nursing Home Infections Are Increasing…Surprise (Not!)

October 17, 2014 by Honey Leveen Leave a Comment

Elder In Nursing HomeHere’s an October 9, 2014 article from McKnight’s LTC News describing recently published findings that show across the board infection rates in nursing homes have surged during the past five years. 

Quoting from the article, “The prevalence of viral hepatitis in nursing homes increased 48% between 2006 and 2010, the investigators determined. MDRO prevalence increased by 18% and pneumonia by 11%. The rates of urinary tract infections, septicemia and wound infections also rose.”

Here are several additional blogs I’ve done about Medicaid’s shortcomings. Because most long-term patients in nursing homes are on Medicaid (a form of Welfare), and because Medicaid’s reimbursement to nursing homes is actually less than the cost of caring for such patients, many nursing homes are unprofitable. We all agree that the most important employees in nursing homes are the custodial caregivers. These are the lowest paid people on the economic totem pole. Counter-intuitively, these critical frontline caregivers are often the first place nursing homes fire to cut expenses.

My opinion is that because of inadequate care in many Medicaid-funded nursing homes, corners are cut. Quality of care suffers. Sad outcomes then occur. This is what is causing the rapid rise of nursing home infections. It is not hard to connect the dots on this one.

Many nursing home patients end up in such facilities because they do not have money to access better care. People who own long-term care insurance (LTCi) are far less likely to wind up in Medicaid-funded nursing homes. They are far more likely to end up in preferable, far nicer assisted-living facilities.

Filed Under: Elephant in the Room, Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Honey Leveen, Long Term Care insurance, LTCi, McKnights Long-Term Care News & Assisted Living, Medicaid, Nursing Homes, www.honeyleveen.com

New Report Exposes High Costs Associated Dearth of Dignified Death

October 13, 2014 by Honey Leveen Leave a Comment

End Of LifeLast week, reporting on the largely broken, slippery slope of costly, undignified end-of-life outcomes too many families experience, broke in the news.

The news reported on a 21-member nonpartisan committee that was part of the National Academy of Sciences. This committee just released a report calling for sweeping changes in end-of-life care.

Many of the recommended changes could be accomplished without legislation. Other recommendations are just common sense AND would save a lot of money.

Here’s a summary of the recommendations:

  • Reimburse health care providers for conversations on advanced care planning.
     
  • Restructure Medicare, Medicaid, and other health care delivery programs.
     
  • Eliminate perverse financial incentives that encourage expensive hospital procedures when low-tech services like pain management and home health care are available.
     
  • Finally, accredited medical schools and groups as well as health providers should greatly increase training in palliative care.

My opinion is these changes cannot happen soon enough. I hope such reporting, accompanied by public outrage, continues.

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Honey Leveen, Long Term Care insurance, long-term care, LTC Insurance, Medicaid, Medicare, National Academy of Sciences, www.honeyleveen.com

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Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

Email: honey@honeyleveen.com

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