Here's an updated assessment from LA Times reporter James Oliphant on the prospect for voluntary long-term care insurance in the final health care bill.
He believes the LTCi program will make it into the final bill, despite the fact that a majority of senators voted against it. It looks like you'll have to be employed in order to get onboard (??why?? again the legislation misses a chance to break this employer/insurance link!!) and there's no consensus about how much the premiums are likely to be--guesses range up to $240/mo for a benefit of $75/day. That's not a great deal for most folks, but some estimates indicate the premiums will be lower.
As mentioned previously, with all the coming "gimmees" for the working poor, there's going to be a big market for easy, low-paying jobs for ERs to play at in order to get all the baubles (think of it as a partial return on the big taxes to be paid in the future). This federal LTCi is another program that might make such employment worthwhile, especially if one had a pre-existing condition or if it looks like the taxpayers will be pumping money into the thing to keep it afloat--which seems very likely.
"Leave no ill-advised federal subsidy behind."
He believes the LTCi program will make it into the final bill, despite the fact that a majority of senators voted against it. It looks like you'll have to be employed in order to get onboard (??why?? again the legislation misses a chance to break this employer/insurance link!!) and there's no consensus about how much the premiums are likely to be--guesses range up to $240/mo for a benefit of $75/day. That's not a great deal for most folks, but some estimates indicate the premiums will be lower.
As mentioned previously, with all the coming "gimmees" for the working poor, there's going to be a big market for easy, low-paying jobs for ERs to play at in order to get all the baubles (think of it as a partial return on the big taxes to be paid in the future). This federal LTCi is another program that might make such employment worthwhile, especially if one had a pre-existing condition or if it looks like the taxpayers will be pumping money into the thing to keep it afloat--which seems very likely.
"Leave no ill-advised federal subsidy behind."