Health Care Reform and Long Term Health Care Insurance

Long term health care insurance helps pay for care that regular insurance plans and Medicare don’t cover. Here’s what long term care insurance covers:Long term health care insurance helps cover the costs of long-term care services like assisted living, daily activity assistance, transportation costs to and from medical visits, services inside your home, and even training of a loved one to act as your care provider.Before Obama’s Affordable Care Act of 2010, Medicare didn’t cover a lot of these costs. Also, Medicaid typically only covered the cost of nursing homes.Here are some of the changes you’ll see because of the act:-The new law encourages states to allow Medicaid to pay for in-home care services and attendants as well as nursing homes.-A new insurance program for the elderly will go in to effect starting January, 2011. It is called the Community Living Assistance Services and Supports Act, or “CLASS.”CLASS is a voluntary insurance program that will be supported by your workplace. You’ll be able to deduct money from your paycheck to pay for your premiums. If your employer chooses to participate, you will be automatically signed up for the program.One of the best parts about the program is that you’ll be able to cash out once you’ve deposited money for five years. You can use this cash out program if you can prove you are unable to perform at least two or three daily living activities, and then you can use the money to pay for your in-home care or other type of assisted living services.You would receive at least $50 per day in benefits under the new act. You can use this money for your health care as you see fit, whether it be for personal assistance, home care, home modifications, transportation, or technology that will assist you in your day to day lifestyle.However, it is important to view CLASS as a way to offset your long term health care insurance costs, not cover them completely. Fifty dollars per day will not pay for nursing home care or lengthy personal care attendant visits.The best idea is to invest in CLASS if your employer will sign on as well as look into finding a long term health care insurance policy that is right for you.

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Commercial Loans – A Boon for Farmers

There are times when farmers find themselves in a sudden bind when it comes to collecting required finances for their farms. Getting loans for farms on a short notice to handle unexpected emergencies is quite a necessity these days, especially considering the amount of machines and other farm supplies available in the market and the economy we are dealing with. There could be many reasons why you may require a quick farm loan – it could be that you want to buy a new machinery to improve the quality of farming tasks and save time or to settle an unforeseen expenditure.Whatever the reason may be, getting farm loans depends entirely on your credit history. Having a positive history, without any debt will make sure that you get the loan soon and with a reasonable rate of interest to boot. However, a progressively worse credit history might make your chances of getting a loan more difficult and you will be charged with more interest. Taking a secure loan will be an assurance of a lower rate of interest but it may be an extremely difficult task.If you are unable to get loan due to whatever possible reasons or do not want to worry about ever increasing interest rates, getting commercial loans is another way to go about things. You can get a good amount and use it for whatever farming purpose you have in mind. These loan programs are dedicated to meet individual needs of farmers and ranchers so that they can fulfill their demands and increase overall productivity. Commercial loan providers offer customized payment dates along with stable long term payment dates so that the farmers can focus on their operation instead of constantly increasing rates.A loan will help you buy required machinery, and tools that will eventually increase your productivity and bring higher monetary benefits and improve cash flow. Commercial loans, if taken from a reputed provider will offer stability and less risk because such loans have no payment penalties and ensure suppleness in your operation’s future. You will never be financially penalized for refinancing your farm or selling it.However, in order to save yourself from spam sites, it is important for you to search for a reputed farm loans provider. Browse the web to find out the list of providers and check what past and present customers have to say about the services. Consider the provider only if you are completely satisfied with the review.

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