September 25, 2020

Bucks: The Class Act and Your Long-Term Care Plans

In this weekend’s Your Money column, I examined the Class Act, the public option that made it through Congress as part of last year’s health insurance overhaul. It would offer a type of long-term care insurance, but only if the federal government can find a way to create a program that will break even financially.

Now that you know a little bit about what’s going on behind the scenes, do you think the Class Act will ever see the light of day? And if it doesn’t, how do you plan to balance the need for long-term care planning with retirement savings and all of your other financial priorities?

Article source: http://feeds.nytimes.com/click.phdo?i=c8d7ee8b4fb4f7b3ee96475a3fcd6a28

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