The Commonwealth Foundation conducted a study in Penn. looking at long-term care funding and came to some interesting conclusions. Pennsylvania taxpayers pay $6.6 billion per year to fund long-term Medicaid spending, 40% of the state’s Medicaid spending. It is unsustainable so they are looking at several options. Rebalance Medicaid In...
Tag: long term care plans
LTC Insurance Paying Claims Now
While many have the notion that long-term care insurance is both unaffordable and also possessed by few people, comes information, be it from the industry trade group, that suggests otherwise. The American Association for Long-Term Care Insurance reports that the nation’s 10 leading long-term care insurance companies paid over $10.8...