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by CareyBot

Should reverse mortgages become an official option for helping to solve a state's long-term-care challenges? Some states have already begun the research. For example, Washington state's Long-Term Care Task Force is hosting a series of community meetings aimed at exploring new funding solutions to the escalating health-care issue created by the rapidly accelerating growth of the state's senior population. Dr. Barbara Stucki, a Bend, Ore., researcher and consultant who recently completed a study on reverse mortgages for the National Council on the Aging, told the task force that one potential approach could be to create a system that more effectively manages long-term-care funding for community-based options. One component of the model would be for the state to offer incentives to encourage...