Those who contribute to their long-term care coveragecould see a federal benefit for care under a new joint proposal from theAmerican Health Care Association, the National Center for Assisted Living, andthe Alliance for Quality Nursing Home Care.
The new plan, announced Tuesday, would ask participantsto arrange for a $100,000 contribution to their long-term care through personalsavings or through LTC insurance (based on an income-related sliding scale). Oncethese funds have been depleted, the federal benefits will kick in. Benefits canbe received in the form of facility services, enrollment in a MedicareAdvantage program or cash.
Proponents of the plan hope that increased personalinvestment will help alleviate projected budgetary shortfalls in the Medicareand Medicaid programs. Details about the new plan can be found athttp://www.aqnhc.org/email/20080115_2.html.
