Free News Articles Home Opinion and Commentary Open Letter to Congress on Long Term Care Insurance and Health Care Reform from National LTC Network Open Letter to Congress on Long Term Care Insurance and Health Care Reform from National LTC Network Author: National LTC Network Dateline: Wed Dru Samia Vikings Jersey , 23 Sep 2009
freeNewsArticles Story Summary: “OVERLAND PARK, Kan. (SEND2PRESS NEWSWIRE) -- 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.”
A R T I C L E:
OVERLAND PARK, Kan. Alexander Mattison Vikings Jersey , Sept, 23 (SEND2PRESS NEWSWIRE) -- 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 Irv Smith Jr. Vikings Jersey , "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") Garrett Bradbury Vikings Jersey , 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 $18.50hourlicensed home health aide, $94dayassisted living facility, and $183daysemi-private nursing home room Dalvin Cook Vikings Jersey , 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.
• Story Title: Open Letter to Congress on Long Term Care Insurance and Health Care Reform from National LTC Network • REFERENCE KEYWORDSTERMS: national ltc network, , , health care reform, Opinion and Commentary Kirk Cousins Vikings Jersey , , , .
IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limitedsensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the companyperson mentioned in the text (National LTC Network); this site cannot assist you with information about productsservices mentioned in the news article Adam Thielen Vikings Jersey , nor handle any complaints or other issues related to any personcompany mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 23 Sep 2009 13:34:06 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blogezine or similar Dru Samia Youth Jersey , free of cost, CLICK HERE to learn how. Android Photography apps for the Committed Smartphone Photo Enthusiast Technology Articles | August 22, 2014 If you have ever thought about taking photos with phones, you must have assumed that you were just doing it for fun. You may also have seen many photography applications on your smart...
If you have ever thought about taking photos with phones, you must have assumed that you were just doing it for fun. You may also have seen many photography applications on your smartphone and observed that they did not have any appeal to you. However Alexander Mattison Youth Jersey , there is more than meets the eye as you will discover in this topic about the top Android apps for the professional photographer.