Friday Five - March 3, 2017
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Happy Friday! The top conversations we’re watching this week in our Friday Five series look at the do’s and don’ts for having the long-term care “talk” with aging parents, review the National Governors Association’s take on Medicaid and uncover answers to the top three questions about Section 1115 Medicaid demonstration waivers.
Having “the talk” – about long-term care – can be uncomfortable; just 11 percent of Americans have had this challenging discussion with parents or in-laws. TD Ameritrade outlines the do’s and don’ts, and explains why it’s best to have this conversation long before aging parents’ issues need to be addressed.
The National Governors Association (NGA) recently published a brief on Medicaid. According to the NGA, “through the work of NGA's Health Care Sustainability Task Force, governors have identified opportunities for the federal government to further promote health care innovation by providing the flexibility and support states need to develop, test and implement new payment and delivery models.” From prescription drugs to Medicaid financing, the NGA explains its policy positions on a number of health issues.
Did you know that Medicaid and Children’s Health Insurance Program (CHIP) are offered by every state? And that CHIP provides low-cost coverage to eligible children nationwide? Use Medicaid.gov to learn more about the programs and find out if you qualify for Medicaid or CHIP.
As loved ones age, it’s important to plan for long-term care, especially in the event that they become ill. When this happens, families are faced with a tough decision: hand over the reins to a nursing facility, or manage their care from the comfort of their home. There is no shame in either decision but, as Kiplinger details, there are several important aspects to consider when planning for long-term care.
Section 1115 Medicaid demonstration waivers provide states an avenue to test new approaches in Medicaid that differ from federal program rules. They can also grant states more flexibility in how they operate their programs. With a new administration and possible changes to health care laws and regulations, the Kaiser Family Foundation answers key questions about how the waivers work and what to watch for going forward.