7/28/2006

The Centers for Medicare & Medicaid Services this week announced new policies to entice people to plan for future long-term care needs, including incentives to get people to buy private long-term care insurance. Medicaid previously required seniors to have spent all or nearly all of their assets before they could receive coverage for long-term care, but under new rules, beneficiaries can keep assets equal to the amount paid out by private long-term care insurance.

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