President Bush Signs The Deficit Reduction Act of 2005; Expansion Of Long Term Care Partnership Program Encourages Planning

The National Long Term Care (LTC) Network applauds Congress passing the Deficit Reduction Act of 2005 which was signed into law by President Bush yesterday.

The Act will allow all 50 states and the District of Columbia to offer a
Long Term Care Insurance Partnership Program currently available in only five states. "Many Americans are concerned about protecting their savings from the potential high cost of long term care needs later in life," stated Terry Truesdell, President of the National LTC Network. "Providing incentives for individuals purchasing private LTC insurance through state Partnership Plans offers a great opportunity for protecting assets from those costs."

President Bush Signs The Deficit Reduction Act of 2005; Expansion Of Long Term Care Partnership Program Encourages Planning
Source: PR Newswire