“Proposal would add Kentucky to mix of states trying to address long-term care financing”

“Proposal would add Kentucky to mix of states trying to address long-term care financing,” by Kimberly Bonvissuto, McKnights Senior Living

“Senior living provider groups are applauding Kentucky’s proactive approach to helping its residents pay for future long-term care needs with a proposal to form a task force to explore a statewide insurance program. … The task force would be charged with establishing a joint public-private system to make long-term care accessible. Any long-term care insurance program that was part of the system would require mandatory participation but offer an opt-out provision. … Fourteen states — Alaska, California, Colorado, Hawaii, Illinois, Michigan, Minnesota, Missouri, New York, North Carolina, Oregon, Pennsylvania, Utah and Washington — are considering or have introduced plans to tax those without long-term care insurance. The WA Cares Act in Washington state is facing an initiative to allow anyone to opt out of its new long-term care insurance program.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Another LTC task force seeking a magic government formula to fund and provide care without first asking and answering why the current, government-dominated system is such a mess. Better, read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers.