Solutions on improving Long Term Care Insurance
If you are turning 65 today you have almost a 70% chance of needing some type of long-term care services. Prices for long term care services can range from $40,000-$250,000. Congress recently has been taking action towards lowering costs that can be more affordable for seniors.
Here are some of the policy solutions to help improve Long Term Care insurance from AHIP:
- Let employees use cafeteria plans and flexible spending arrangements to buy LTC coverage. Allowing LTC coverage to be provided under a cafeteria plan would make it more affordable. This solution would have limited impact on the tax dollars[…]