It's in the news almost daily...health care reform, how can the government save money to help pay for the uninsured. This plays a big part in what is going to happen to long-term care services.
Last week, the Centers for Medicare and Medicaid Services reduced Medicare funding for nursing homes by an estimated $16 billion over the next 10 years. Twenty-four states already have reduced Medicaid funding this year. And $313 billion of additional cuts have been proposed by the administration to fund health care reform.
What is this going to happen when all the "boomers" are in the system and require care? Long-term care is not necessarily about "nursing homes." It is the custodial help people need with the activities of daily living. This help can be provided in your own homes or in assisted living facilities.
The time is now to make plans to take care of yourself and/or parents and not wait for the government to step in to help.
Terry Savage a columnist for the Chicago Sun-Times recently summed up why everyone should Consider long-term care insurance now.
Learn more about What Long-Term Care is.
By planning early, you can enjoy "good health discounts" given by the insurance carriers. The younger you are the less you pay over the long haul.
For more information Visit: LongTermCareInsurancePros
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