Long-term care included in health reform bill
Here’s a good article on long-term care, what’s going on in Congress, and what to look for in a long-term care insurance policy.
The health care reform bill does include a provision for long-term care. It’s a government program with payments taken out of your paycheck — $65 per month. You would automatically be enrolled, though have the option to opt-out. Benefits for care $50=$100 per day after you have paid into the program for at least five years. The program would start in 2012. Lots of steps to go before it happens– if it happens.
It is good to see the recognition of the long-term care cost issues. This won’t help those already retired or near retirement. but for younger people it might help –we’ll see.
Tags: health care+ retirement, long-term care, long-term care costs, long-term care insurance
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