Possible Long Term Care Insurance Legislation on the Horizon? (Part 2)

                In my post last week, I talked about new legislation that is still in the drafting phase but that may be the next government attempt to provide a long term care benefit to Americans.  The last attempt, known as the CLASS Act, was a voluntary program.  This new program looks like it would be a mandatory one intended to provide universal coverage.                 As far as we currently know the current draft would provide a minimum benefit of 5 hours a day – about $100 a day on average nationally.  There would be an increase in the benefit as more care is needed but the details of that haven’t yet been worked out.  It would appear that anyone who receives Medicare Part A would be eligible for this benefit making it essentially universal.  Unlike Medicaid home care which requires…

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