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A New Long-Term Care Insurance Program
New York Times ^ | March 24, 2010 | Paula Span

Posted on 03/26/2010 8:54:16 AM PDT by Wallop the Cat

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I hadn't heard a thing about this new entitlement until this morning. Average premiums taken out of YOUR paycheck is said to be around $180 per month, and as high as $400 if you're older. Welcome to the future.
1 posted on 03/26/2010 8:54:16 AM PDT by Wallop the Cat
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To: Wallop the Cat
I see the beginning of push for a single provider nursing home system run by the government here. Not good. Not good at all.

Especially as the cost of health care for the elderly escalates. Not good.

2 posted on 03/26/2010 9:00:10 AM PDT by mlocher (USA is a sovereign nation)
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To: Wallop the Cat

I dont believe it. Govt can run something better that what you can get in the private sector.

yeah right.


3 posted on 03/26/2010 9:00:28 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Wallop the Cat

Terrific. We’re older parents of young children. Adding another 2-4K per year to our 12K policy is going to be just swell. Kids - I guess you don’t need college.


4 posted on 03/26/2010 9:00:41 AM PDT by keepitreal ( Don't tread on me.)
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To: Wallop the Cat

The article says it’s government run, but voluntary. It also sounds worthless, in terms of getting very little in benefits, and it doesn’t really cover long term care, just give you a few $ that doesn’t even come close to covering long term care.


5 posted on 03/26/2010 9:02:33 AM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
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To: Wallop the Cat

FTA

“It may help that the act was designed to cover everyone except those who specifically opt out. Participation rates are higher for such programs than for those you have to opt into. Inertia helps, in this case.”


6 posted on 03/26/2010 9:05:25 AM PDT by listenhillary (Capitalism = billions raised from poverty, Socialism = billions reduced to starvation)
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To: Wallop the Cat

....governments idea of long term care is rental space at ACME STORAGE PODS.


7 posted on 03/26/2010 9:05:57 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: Wallop the Cat

http://republicans.waysandmeans.house.gov/UploadedFiles/WM_hcr_timelinel.pdf

This is a time line enumerating various cuts, etc.

Long term care and nursing home cuts are listed, note 2011. In 2012, Medicare cuts to dialysis and hospice. 2013 Medicare cuts to hospitals treating low income seniors...I don’t get this. 2014, 2015 more Medicare cuts to home health.

As of a few years ago, Medicaid payed about $75-80 per day to nursing homes for allegedly ‘indigent’ occupants. At least 80-90% of occupants receiving this payment.

I bought a Long Term Care insurance policy some years back. I wonder if the insurance company will be around to pay out if I need it someday.


8 posted on 03/26/2010 9:10:56 AM PDT by Dudoight
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To: Wallop the Cat

REPEAL!!


9 posted on 03/26/2010 9:11:22 AM PDT by Outlaw Woman (Control the American people? Herding cats would be easier.)
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To: SmartInsight
The article says it’s government run, but voluntary.

It's supposed to be automatic unless you opt out, but AFAIK the article doesn't tell you how to do that. Maybe a new W-4 form?

I suppose it's also automatic for Social Security recipients unless they opt out. The ones who have dementia will probably have the amount deducted automatically, and also won't know how to make a claim, so it will probably collect money for the government, but the govt. will spend many times the amount it collects.

10 posted on 03/26/2010 9:20:19 AM PDT by ding_dong_daddy_from_dumas (Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
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To: Wallop the Cat
About twenty years ago, I used to be the CFO at a small nursing home chain, in a solidly conservative community.

You might be surprised to find out how many 50-60 year olds with GOP bumper stickers on their new, up-market sedans would make appointments with me to discuss "how we can get Mom qualified for Medicaid".

Just another reason that I tend toward an Eeyore point of view.

11 posted on 03/26/2010 9:24:36 AM PDT by Notary Sojac (Mi Tio es infermo, pero la carretera es verde!)
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To: Dudoight

I also bought a LTC insurance policy some years ago. Trying to be prudent, you know. I feel like all that money I’ve put into it is wasted because the government is going to take over longterm care anyway and, in effect, determine my “benefits” regardless of what I’ve paid for for many years.

This is really starting to feel like a tipping point has been reached.

And the President out there openly mocking and deriding, not even just his political opponents (which would be bad enough), but actually the American people. There are no words for this.


12 posted on 03/26/2010 9:29:04 AM PDT by fightinJAG (Are you a Twitter activist? Freepmail me & let's talk.)
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To: Notary Sojac

Of course. This is because of the basic unfairness of seeing people who did not scrimp and save for their entire life getting the same care as those who did.

I sat down and wrote the check to the nursing home every month for several years. It was not fun realizing that my parent only had that money because of hard work and wise choices. But this is the problem with these programs: at some point people get tired of being played for suckers.

The answer is not to give everybody “free” care. It’s to require everybody to pay and, if you can’t, then to rely on private charity, which Americans would be much more generous with if the federal government did not confiscate so much of their income upfront.


13 posted on 03/26/2010 9:34:00 AM PDT by fightinJAG (Are you a Twitter activist? Freepmail me & let's talk.)
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To: Wallop the Cat
I bought my own over 15 years ago when the prices were much lower. It costs (don't want to give the exact amount, considerably less than $100) a month. I'm hoping to be able to keep that. The article said that only 10% of people have them; probably so, but count me as one of those 10%.

Regarding the health care bill, I downloaded the signed bill last night. It's enormously complex to try to wade through any part of it and try to figure out what it really means, and then have to factor the reconciliation into it to weigh the modifications.

If this much is true, the govt should not have involuntary access to your bank account without a court order. I try to keep automatic deductions to an absolute minimum because the money has to be there on time.

When I purchased my catastrophic insurance, the only payment they would accept was an automatic deduction from my account, same with the above long-term care policy. I authorized it; it was my choice. But I've never authorized any more because you have to have a regular positive cash flow to be sure the funds will be there on the auto payment date which was monthly in my case. Maybe it was those specific policy writers/ins companies as I can pay my car insurance by cash, check or a voluntary payment out of whatever account I choose.

I don't know for sure, but I think this may be common practice for people who do not participate in an employee group plan. So people in my situation, when choosing whatever govt-approved poicy they are allowed, will probably have to agree to the auto deduction. But it's something you authorize yourself TO THE INSURANCE COMPANY.

So I don't see any good reason for the govt to have access to your acct for a withdrawal or other purpose. If they demand proof that you've purchased their approved plan, there are other ways you can prove it yourself by getting a hard copy of the applicable deduction from your financial institution with applicable fee therefor or from your insurance company.

I don't think a lot of people will be able to afford it on top of everything else, but the Medicare cuts may not provide those in-home services or for assisted care, do not pass go, go straight to the nursing home. Will people affected even be able to choose which one?

14 posted on 03/26/2010 9:40:12 AM PDT by Aliska
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To: fightinJAG

Don’t be so quick to drop your coverage: The Class Act covers about $75 per day and does not include Inflation Protection.

What will $75 buy you in 25 years? Ear plugs?


15 posted on 03/26/2010 9:58:06 AM PDT by proudpapa (Proudpapa)
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To: Wallop the Cat

Yep isn’;t it great we all get hit with a whole new tax? Wonder how many people are out there just barely hanging on and then get hit with this new tax?


16 posted on 03/26/2010 10:13:40 AM PDT by chris_bdba
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To: proudpapa

I’m not thinking of dropping my coverage. I am thinking of “where can I go to be free of this mess?” Answer: nowhere.


17 posted on 03/26/2010 10:37:19 AM PDT by fightinJAG (Are you a Twitter activist? Freepmail me & let's talk.)
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To: fightinJAG

“Where can I go to be free of this mess?” Run for office...Congress is totally exempt.


18 posted on 03/26/2010 10:52:30 AM PDT by proudpapa (Proudpapa)
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To: proudpapa

Sigh.


19 posted on 03/26/2010 10:56:33 AM PDT by fightinJAG (Are you a Twitter activist? Freepmail me & let's talk.)
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To: Notary Sojac

As an employee in management of a long term care facility some years back, I saw exactly what you are talking about. I had one lady who had made millions, somehow her kids had her $ now....she was on Medicaid. The kids lived in mansions, had $150,000 RV’s ranches, etc.

They really worked the system. For the years she had left it would have made very little difference in their lifestyles to have honorably paid her way.


20 posted on 03/26/2010 12:40:06 PM PDT by Dudoight
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