Understanding new health care legislation

As a consumer, we know it can be difficult to understand new healthcare legislation that comes out. We want to make sure that you are always informed on important matters in the healthcare world especially those related to Senior Care.

Amy Klobuchar, Minnesota U.S. Senator, has introduced three bills that will help provide and ensure quality long term care for the ones you love. These three bills include: the Long-Term Care Insurance Consumer Right-to-Know Act, The Long-Term Care Integrity Act and The Americans Giving Care to Elders (AGE) Act.

The purpose of the Long-Term Care Insurance Consumer Right-to-Know Act is to “help consumers understand exactly what is covered in their long-term care policies.” This would require insurance companies to to provide policy purchasers with disclosure forms to simplify things and avoid confusion. By avoiding the confusion and creating an easier process you have less to worry about and more time to spend with the people who matter.

The Long-Term Care Integrity Act would protect consumers who have purchased these long-term policies and are seeking claims. Right now there are “ some eight million Americans have already purchased long-term care insurance policies, there have been growing complaints about the refusal of insurance companies to pay claims.” This Act also seeks to create a third-party review board to “address the denial of appropriate and timely benefits by insurance companies.” Again, this creates easier interactions with insurance companies.

The Americans Giving Care to Elders (AGE) Act would establish a federal tax credit to assist with the costs of caring for an aging family member. In a recent study, it was found that “the out-of-pocket costs for family caregivers average about $5,500 per year.” AGE would help families offset costs by allowing families to qualify for a tax credit up to $1,200. This takes off some of the financial burden of long term care.

Here at Lifesprk, we want to take the time to give credit to the care providers of Minnesota and thank them for all they do. As you can see, all of these legislative acts would only benefit consumers and providers alike. We strongly support this legislation and urge you to look into them further. To learn more, check out this article by the Care Providers of Minnesota.

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