NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Seniors Housing

Social Security Benefits to Increase Significantly in 2022

By: Ryan Brooks  |  October 19, 2021

The Social Security Administration announced they will raise Social Security and Supplemental Security Income (SSI) benefits by 5.9% for approximately 70 million Americans – 64 million Social Security beneficiaries and 8 million SSI recipients. This adjustment is set to take effect with benefits that Social Security beneficiaries receive beginning in January 2022.

Regulatory Environment  |  Skilled Nursing

Identifying Trends in CMS Skilled Nursing Penalties

By: Ryan Brooks  |  June 29, 2021

The primary tool the Centers for Medicare & Medicaid Services (CMS) has for enforcing care standards at skilled nursing properties are civil monetary penalties (CMPs). CMPs are essentially fines for facilities found to be out of compliance with CMS care standards. Based on a national average, CMS penalties for skilled nursing properties had been on the rise from 2016 to the third quarter of 2019.  

COVID-19  |  Ideas and Discussion  |  Seniors Housing  |  Skilled Nursing

Study Shows Care Setting Impact on COVID-19 Mortality

By: Ryan Brooks  |  June 07, 2021

NIC provided a grant to NORC at the University of Chicago (NORC) to study the disparate effects of the pandemic on different seniors housing and care settings. The study results have just been released.

COVID-19  |  Regulatory Environment

Treasury Releases $350B in State and Local Recovery Funds

By: Ryan Brooks  |  May 12, 2021

On Monday, the U.S. Department of Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the passing of the American Rescue Plan in March. The recovery funds provide $350 billion in emergency funding for eligible state and local governments and provide substantial flexibility for each jurisdiction to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest-hit by the crisis.

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