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Friday, July 23, 2010

New Long-Term Care Insurance Will Provide Flexible Cash Benefits


Millie Toda of Toledo, Ohio, takes cares of her husband Richard, 83, who is severely disabled from Parkinson’s Disease. She’s grateful that with the help of government-paid home health aides and adult day care, he’s able to continue living at home rather than move to a nursing home.

Even with that aid, Toda, 75, says extra money would be a big help. She could use the cash to help replace the broken lift on the front porch so she wouldn’t have to pull and push him up and down the front steps of their trailer home to get to his wheelchair.

A provision in the health care overhaul law signed by President Barack Obama last month could bring some help in the future to people like the Todas. The law establishes a voluntary, long-term care program that will provide cash to enrollees who suffer at least two limitations in daily activities, such as eating, bathing and dressing. The help could begin five years after people enroll in the program.

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