Get Long-Term Care Policy Now--Before You Need It Washington Times (12/17/02) Vol. 18, No. 4 p.C9; Causey, Mike
The Federal Long Term Care Insurance Program takes up
where Medicare and the federal health plans leave off, but
long-term care insurance must be bought in advance, and many
financial planners say that the time to do so is when one is
young and healthy and can get the lowest premiums. Long-term
care insurance as an employment perk is not high on companies'
lists right now, and the open enrollment period for the federal
program ends very soon. Legislation is pending that would let
retired federal and postal workers pay health premiums with
pretax dollars, reducing most retirees' taxable income.