New proposal calls for more personal investment in LTC

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Those who contribute to their long-term care coverage could see a federal benefit for care under a new joint proposal from the American Health Care Association, the National Center for Assisted Living, and the Alliance for Quality Nursing Home Care.

The new plan, announced Tuesday, would ask participants to arrange for a $100,000 contribution to their long-term care through personal savings or through LTC insurance (based on an income-related sliding scale). Once these funds have been depleted, the federal benefits will kick in. Benefits can be received in the form of facility services, enrollment in a Medicare Advantage program or cash.

Proponents of the plan hope that increased personal investment will help alleviate projected budgetary shortfalls in the Medicare and Medicaid programs. Details about the new plan can be found at