Navigation Links
Open Letter to Congress on Long Term Care Insurance and Health Care Reform
Date:9/23/2009

OVERLAND PARK, Kan., Sept. 23 /PRNewswire/ -- As the Senate Finance Committee (SFC) resumes work this week on the health care reform bill, The National LTC Network urges Congress to consider two ideas.

First, include an above-the-line deduction for long term care (LTC) insurance premiums. Although the current version of the SFC bill allows long-term care insurance to be included in Section 125 plans (aka "cafeteria plans"), Network President and CEO Terry Truesdell comments, "While we applaud this new tax incentive, we urge Congress to offer an above-the-line deduction for LTC insurance premiums. Many employees don't have Section 125 plans. If they do, they lose the plan once they retire. I believe that an above-the-line deduction could open the floodgates, encouraging citizens to purchase this important insurance and lessen the burden on government programs when they need care."

Second, at least one current version of a health care reform bill includes a government long-term care insurance program. The inspiration for the proposed bill is CLASS ("Community Living Assistance Services and Support"), a bill first proposed in 2007.

"Since the decision of how to pay for future long-term care is so important, we want to make sure that citizens understand both the pluses and minuses of any new government program," says Truesdell.

The Network urges Congress to include a "black-box" buyer warning on program materials if a CLASS-type program is adopted. Suggested wording:

  • You are not eligible for any benefits for the first 5 years after signup.
  • Your premium will increase if the government decides that additional money is needed to pay current and projected future claims.
  • Since the average cost of LTC nationally is $18.50/hour/licensed home health aide, $94/day/assisted living facility, and $183/day/semi-private nursing home room, even with this program, you could be responsible for a significant part of your care costs.
  • While some private LTCi policies (known as "Partnership") can protect your assets if you need to go on Medicaid, this government program does not.
  • You may want to supplement this plan, or replace it with, private long-term care insurance.

ABOUT NATIONAL LTC NETWORK

The Network is an alliance of leading distributors of long term care insurance. The Network has 30 member firms who work with thousands of long-term care insurance agents.

The Network site: http://www.NLTCN.com .

*(LOGO Link 72dpi: Send2Press.com/mediaboom/09-0923-NatLTC_72dpi.jpg)

This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R).http://www.Send2Press.com


'/>"/>
SOURCE The National LTC Network
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. How Best to Treat Preschoolers With ADHD? The Harvard Mental Health Letter Discusses the Options
2. Arrow International Sends Letter Reminding Shareholders to Vote White Proxy Card in Support of Teleflex Merger and Election of Current Board of Directors
3. Specialty Blades, Inc. Announces Letter of Intent to Acquire Popper and Sons
4. AISHealth.com Introduces Three New Free Services: Health Business Daily Newsletter, Health Business Meeting Calendar, and Health Care Job Openings
5. TeamStaff Receives A Letter of Reprimand From Nasdaq; No Further Action Contemplated
6. Neurobiological Technologies, Inc. Announces Receipt of Determination Letter from NASDAQ
7. Fighting the Gassy Effects of Good Eating, From the Harvard Health Letter
8. Healthy Living Made Easy with New Diabetes Foodsmart e-Newsletter
9. Cautious Optimism for New Alzheimers Medications, Reports the Harvard Mental Health Letter
10. Mirixa Debuts RxFYI - a Free Pharmacy-Published Health eNewsletter Building Patient Loyalty and Generating Revenue
11. Long Term Care Newsletter Debuts, Published by LTC Financial Partners; Advice on Living Better, Not Just Longer, With Financial Protection
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... ... January 19, 2017 , ... ... System: an On-demand E-learning system for Clinical and Regulatory education for Physicians, ... based on Aerolib`s successful education methodology of Disease Specific Documentation Improvement. , ...
(Date:1/19/2017)... ... ... cold weather here, many people will have to clear snow with snow blowers or shovels ... but they can be dangerous when used incorrectly. That’s why Amica Insurance is ... of snow blowers:, , When removing wet snow or debris from ...
(Date:1/19/2017)... ... January 19, 2017 , ... WhoHaha , a digital media company ... Heart Association (AHA) to produce a three-part video series that uses humor to highlight ... of the launch of AHA’s Healthy For Good™ movement, which is designed to inspire ...
(Date:1/19/2017)... (PRWEB) , ... January 19, 2017 , ... ... in a medical capacity this year. Drs. Alexander Paziotopoulos, Andrew Petersen and Trish ... a condensed version of the clinic’s leading recovery program. , “We know ...
(Date:1/19/2017)... (PRWEB) , ... January 19, 2017 , ... ... announced it recently provided a new $11,250,000 senior credit facility to Sunrise, Florida-based ... MB credit facility were used to facilitate a recapitalization of MedPro led by ...
Breaking Medicine News(10 mins):
(Date:1/20/2017)... , January 20, 2017 Avillion LLP, a ... of Mark Weinberg , MD MBA as Chief Medical Officer. ... USA . ... Dr Weinberg has spent more than 17 years as ... pharma companies to micro-cap biotech. Over the course of his career, ...
(Date:1/19/2017)... -- The Global Therapy Partnering Terms and Agreements since ... and agreements entered into by the world,s leading healthcare ... deals by value - Deals listed by company A-Z, ... report provides understanding and access to the partnering deals ... companies. The report provides an analysis of partnering ...
(Date:1/19/2017)... , Jan. 19, 2017 This report ... current and future scenario of the global market. Large ... opioid consumption. Severe chronic constipation is a major side ... traditional laxatives. Hence, novel targeted therapy has been prescribed ... sufferers, launch of targeted medicines, and growing awareness about ...
Breaking Medicine Technology: