Dayna Steele, my friend and client, author, entrepreneur and well known public figure, has written beautifully and accurately about the need for responsible long-term care (LTC) planning. Her just published blog poignantly illustrates the need for LTC insurance by describing the experiences of her friends. I hope you will take time to read her short piece.
Fixing the CLASS Act
Here’s a terrific article in the April 29, 2011 New York Times by finance columnist Ron Lieber titled, ” Fixing the CLASS Act to Make Long-Term Care Affordable.”
Mr. Lieber accurately describes how “pie-in-the-sky” unrealistic and economically catastrophic enactment of the proposed CLASS Act LTC is likely to be. CLASS Act LTC, which would be government run long-term care insurance (LTCi), is a little known provision that was included in the passage of health care reform last year.
If you are using enactment of CLASS Act LTC as one more excuse to put off having a conversation about responsible LTCi planning, I urge you to read this brief article.
Joan Lunden is Spot On
This morning’s ABC Good Morning America features Joan Lunden, who speaks eloquently and from the heart about being a caregiver and the need to have a conversation about long-term care planning with your loved ones. She says it better than I can, so watch the clip here:
World News Videos | ABC World News
Joan urges families to conduct such a conversation as soon as possible. The holiday season, when families congregate, is the perfect natural opportunity for this conversation.
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