My Aunt Dorothy is just days away from turning 92. She was living independently in her own apartment, up until about 2 months ago. As much a blessing as amazing. She is now in a long-term care situation.
At a family meeting yesterday, we started talking about the cost of long-term care and health insurance. It dawned on me, why not enable Long-Term Care Savings Accounts (LCSA)... no different from current HSA's, from all employers, including small businesses?
I had just heard a radio program with legislators and commentators discussing our current economic situation, and whether we should tax this or don't tax that. Of course, a little sprinkling on the new healthcare reform bill was thrown in for good measure. There is so much to think about, and so much to solve, and if we can take a couple steps forward, maybe the new House and Senate can actually prove that government by and for the people, can work. Pretty optimistic, right?
What if we could set up Long-Term Savings Accounts (LCSA), that would provide us some peace of mind, and a maybe a little something to pass on to our beneficiaries?
Part of the interest gained on these accounts could help put a little back in the Medicare pot, which is being carved away day by day. Aging baby boomers will be living longer and needing assistance, with retirement a more and more distant light at the end of the tunnel while living longer, hopefully healthier lives. Let's be able to contribute and have a little peace of mind.

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