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Well-Being Insurance for Seniors to be at Home Act - MorningStar
Needing long-term services and support could change your retirement. What is LTSS, and how will it affect your retirement? Long-term services and supports (LTSS) encompass the broad range of paid and unpaid medical and personal care services that assist with activities of daily living. According to CBO estimates, more than 6 million people use paid long-term services and support (LTSS) delivered in home and community settings, and more than 2 million people use LTSS delivered in institutional settings. Most people who use paid LTSS either pay for it directly or have services covered under Medicaid.
Well-Being Insurance for Seniors to be at Home Act” or the “WISH Act” H.R. 2082 was introduced, and if enacted, the WISH Act would establish a federal catastrophic insurance program for LTSS. Spencer Look and Jack VanDerhei, writing for MorningStar, explore how the WISH Act could change retirement outcomes. To read the article, click here…
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