Medicaid Alabama Launches Latest Long Term Care Plans

Three new long-term care options for elderly and disabled Medicaid recipients were announced Friday in Mobile at a news conference by Alabama Medicaid Commissioner Dr. Bob Mullins Jr.
Two of the options are statewide initiatives. The third, known as PACE, short for Program of All-Inclusive Care, will be limited, for now, to recipients in Mobile and Baldwin counties ages 55 and older who meet certain criteria.
All three options are aimed at offering more long-term care choices for those who may not have been able to afford high long term care insurance costs in the past.
Mullins spoke prior to the grand opening of Mercy LIFE on Springhill Avenue, an inclusive-care facility where those who qualify for Medicaid and Medicare, and meet other criteria, have begun participating in PACE.
Mercy LIFE is the first in the state to become designated for PACE.
Twenty-three patients have been accepted into the Mercy’s PACE program thus far, and there are plans to enroll as many as 200 in the next few years.
The PACE participants at Mercy typically live at home, but visit Mercy several times a week to see a doctor, eat daytime meals, stop by the chapel, have laundry done or play board games. Mercy also offers rehabilitative services.
“It’s one of the few programs that has been shown to increase quality of life without increasing costs,” said Dr. J. Eugene Lammers, new medical director at Mercy LIFE, which stands for Living Independently for Elders. “It works.”
The reason it works, said Lammers and Mullins, is because people tend to do better when they live at home or with family.
“The ultimate goal,” Lammers said, “is to keep them in the community where they want to be.”
The two other programs announced by Mullins Friday include would:
• Help some patients with physical disabilities who are living in nursing homes to transition back home and receive care there.
• Assist patients who depend on a ventilator to breathe get treatment closer to home.
PACE provides comprehensive services and support to Medicaid and Medicare enrollees by enlisting a team of health professionals who create care plans.
PACE funding is capped, but providers have flexibility to deliver services by need.
The state pays about $55,000 a year for a Medicaid patient to live in a nursing home. For PACE, the state will pay about $41,000, a significant savings, Mullins said.

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Long Term Care Tax Deductions

Even if you don’t admit it, many of you are discouraged to apply for long term care insurance because it’s expensive and you’re confident that you will not need long term care anytime soon. The government has recognized this and that’s why they offer tax deductions. So far, so good because people are getting more interested in requesting for long term care quote from variety of carriers.  With these deductions, people will find ltc policies as more affordable. In order to understand long term care tax deductions further, here’s a short video you can watch.

 

This shows that your long term care insurance premiums paid for a tax-qualified long term care is considered as a medical expense and thus it is tax deductible. You also need to remember that the amount of your long term care tax deduction is based from your age on the tax year.

I guess you can still save money when you purchase long term care plans even without the government program referred to as CLASS Act. Why suffer and pay for expensive long term care services when you can have a policy that would shoulder everything and tax deductible, right?