Fenway Community Development Corporation’s Post

Here is an innovative model of hospitals & medical insurance companies funding affordable housing.

As of 2023, there were circa 810,000 Americans in Assisted Living Care communities. https://lnkd.in/e6KQBabp According to the 2022 Genworth Cost of Care Report the average cost of a room in an Assisted Living Community was $4,500 per month. https://lnkd.in/euFUXVg4 This means, on average, $43.74 Billion is spent every year paying for assisted living within a community. Conservative estimates for Americans receiving Home Health care are 3 times the amount of assited living. According to the 2022 Genworth Cost of Care Report the average cost of a home health aide was $5,148 per month. This means on average, $150.1 Billion is spent every year paying for Home Health Care. These two areas alone total a staggering $193.84 Billion. Clearly these figures are an under represention of the entire Care picture in the US. Two thirds of those in Nursing Homes are government funded. This means one third isnt and are self funding their care. When an individual requires paid for care, it can feel like a crisis. The families, powers of attorney's and care recipients themselves will generally recieve no advice on how to fund that care, both now, and into the future. At best they will be told there should be enough assets to cover, at worst, it will be a guessing game. A game where the families and powers of attorney's hope that Mom or Dad die before the money runs out! The MyImmediate Care Plan is a plan to help those who are already paying for care, either at home or in a community. This plan should be fundamental in every financial conversation for those receiving care. Why? Read the case study and find out. When Americans start to pay for care, it may well be the biggest financial decision they make in their lifetime. You can help them to make the RIGHT decisions. Damien Conway Leigh Maynard Vidale Marketing Group Ltd Federal Life Insurance Company

Estate Planning When a Loved One Needs Hospice Care While last-minute estate planning poses challenges, some steps can be implemented to tackle crucial considerations. [Blog Post] https://lnkd.in/gfjcFZ4P #lifeplanlegalaz #estateplanning #estateplanningattorney #queencreekaz #gilbertaz

Interesting intrigue around the 4-star to 3.5 star 5% PMPM (HUGE for #healthplans) quality bonus #Obamacare cliff. Proposed #CMS changes may help the perennial 3.5 star plans (the #Centene's and #Molina's of the world) and hurt the 4.0 and 4.5 star plans (the nonprofits #Kaiser's, #UPMC's, #Providence's, etc). $20B in bonuses is in play over 10 years. Looks to be best to attain and maintain 5-Stars whenever possible (consistently demonstrate the absolute best care for the population served, demonstrate the best taxpayer value and the Obamacare-granted power to market for new membership the year around). #Darwinianism rules! #SDOH #HealthEquity #HealthcareReform #HealthcareTransformation #PrimaryCare #PopulationHealth #PatientCenteredCare #PatientCenteredHealthcare #HealthcareQuality #ValueBasedCare #ValuebasedHealthcare

Often overlooked, Hospital Indemnity insurance can be one of the more intuitive voluntary benefits. The BCS HI plan has some distinct advantages that are worth considering when looking for a new group voluntary partner.

This election year, #voters are most concerned about #healthcare #affordability and #inflation. #Election2024 #PresidentialElection #HealthMatters #ResearchMatters #KFF #Nonprofits #Polls #Polling #Economy #Housing #UnemploymentRate #MedicalBills #HealthServices #HealthCareServices #HospitalCare #NursingHomeCare #DentalCare #HealthInsurance #CenterForAmericanProgress #Audio #Recording #Marketplace #AmericanPublicMedia #APM

You can help reduce employees financial stress caused by health care costs. Contact me to learn how.

**Assisted Living: A Helping Hand for Seniors** As loved ones age, finding the right assisted living community can be an overwhelming task. Call assisted living helpers today for expert guidance and assistance in navigating this important decision. Our compassionate team understands the unique needs of seniors and their families and provides personalized support throughout the entire process. **Personalized Search and Selection** Our assisted living helpers take the time to listen to your specific requirements and preferences. We assess care needs, lifestyle desires, and financial considerations to narrow down the search to communities that are the best fit. We schedule tours, provide detailed information, and answer any questions you may have. **Quality Assurance and Safety** Our team partners with reputable and accredited assisted living communities that meet the highest standards of care and safety. We ensure that the facilities offer a range of services, including personal care, medication management, social activities, and transportation. We also verify the qualifications and experience of the staff to ensure the well-being of your loved one. **Financial Assistance and Resources** We understand that the cost of assisted living can be a concern. Our assisted living helpers provide information about financial assistance programs, such as long-term care insurance, Medicaid, and Veterans benefits, to help you navigate the financial aspects of this decision. We can also connect you with resources for legal and estate planning. **Peace of Mind and Support** Choosing the right assisted living community is a crucial decision that affects the well-being of your loved one. Our assisted living helpers provide peace of mind by guiding you through the process and connecting you with reputable providers. We are committed to ensuring that your loved one receives the highest quality of care and support in a comfortable and compassionate environment.

A “broken economic model” is putting #emergencyservices at risk. Just one of these at-risk #ambulance services is Berkshire County's, which faces a funding crisis due to #reimbursement and insurance challenges. Reimbursement issues have escalated as private insurers are not meeting their financial obligations. Brian Andrews, president of County Ambulance, revealed that some carriers exploit this situation to secure reduced reimbursements. As an example, he cited an instance where an insurer negotiated a 10-day payment turnaround for a bill, contingent on accepting a lower amount. Andrews highlighted the financial strain on #ambulanceservices, emphasizing the unsustainable nature of such practices over time. The lack of timely payments and insufficient coverage has pushed some services to the brink of closure. #EMS leaders stress the importance of addressing these issues to ensure the financial sustainability of ambulance services. Without proper reimbursement, these essential services may struggle to maintain short response times and quality care, ultimately putting lives at risk. Urgent reforms are needed to fix the broken economic model and secure the future of EMS in Berkshire County and beyond. For more information, read this article: https://lnkd.in/erFEPwE5