Many folks have asked over the last week what the impact of the health care bill is going to have on the long term care industry. Well, frankly speaking, I am not qualified to answer all of the specifics, however, there are few things that must be shared since they are know. I am awaiting on a more detailed analysis in the coming days from groups that help regulate the industry. Here are the few that we do know.
First, in the health care bill, CLASS ACT was included. CLASS ACT is another benefit that works very similar to Medicare in that we pay for it through payroll deductions. But the end benefit can be used on long term care options like home care! This is great news because it does indeed highlight the need for folks to consider long term care options as part of their financial planning. More details about CLASS ACT will be provided as they unfold.
The second thing that the health care bill is Community First Choice. This program is designed increase the level of federal money provided to the states that care at home to disabled individuals that would normally need institutional levels of care.
These two programs create an exciting time for the industry and for SYNERGY HomeCare of the East Valley since we are a leading provider of home care to seniors and developmentally disabled children and adults in Mesa, Chandler, Gilbert and Queen Creek Arizona.