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:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association (PHA) ... will receive two significant new grants to support its work to advance research ... anniversary by recognizing patients, medical professionals and scientists for their work in fighting ...
(Date:6/24/2016)... ... 2016 , ... Comfort Keepers® of San Diego, CA is excited to announce ... program to drive cancer patients to and from their cancer treatments. Comfort Keepers ... of life and ongoing independence. Getting to and from medical treatments is one ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... at the Clinical Decision Making in Emergency Medicine conference in Ponte Vedra Beach, ... journal articles published in Emergency Medicine Practice and Pediatric Emergency Medicine ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... is actively feeding the Frederick area economy by obtaining investment capital for emerging ... the past 2½ years that have already resulted in more than a million ...
(Date:6/24/2016)... ... June 24, 2016 , ... Today, MTI-GlobalStem, a provider of ... other difficult to transfect cells, announces its launch of the PluriQ™ G9™ Gene ... System is a complete system for culturing and transfecting human pluripotent stem ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 Research and ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" report ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, ... Structural electronics involves electronic and/or electrical components ... replacing dumb structures such as vehicle bodies or ...
(Date:6/24/2016)... PUNE, India , June 24, 2016 ... "Pen Needles Market by Type (Standard Pen Needles, Safety ... 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase ... published by MarketsandMarkets, This report studies the market for ... is expected to reach USD 2.81 Billion by 2021 ...
(Date:6/23/2016)... , June 23, 2016 Research ... Devices Global Market - Forecast to 2022" report to ... the treatment method for the patients with kidney failure, it ... excess fluid from the patient,s blood and thus the treatment ... potassium and chloride in balance. Increasing number ...
Breaking Medicine Technology: