New York state is setting up a program that will implement a
long term care planning bill that was introduced by Sen. Jeff Klein. According
to state Senate officials, New York will do whatever it can to encourage
residents to be responsible in paying for their long term care expenses.
The said program will recommend residents to plan for
end-of-life care, consider their loved ones who might take the responsibility
of caregiving and considering long-term care insurance or life insurance as
financial tools. The bill will also allow residents to use their accelerated
death benefits to pay for nursing homes, hospice care, adult day care,
palliative care and home care.
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