Senate Reaches Compromise Plan for Medicare Prescription Benefit

Tragically, the huge expense of adding drugs to Medicare is a major factor impeding consideration of a relatively inexpensive policy that is objectively much more badly needed--above-the-line tax deductibility for long-term care insurance. However, if a prescription drug benefit passes for Medicare beneficiaries, it makes the benefit consultation easier for long-term care insurance. Why? Because most policies don't pay more than room and board charges in a nursing home and don't cover drugs and supplies that are normally itemized separately.

June, 7, 2003: President Bush urged Congress to take action and two prominent senators have offered a compromise plan to add prescription coverage. More>> http://atsh.org/news/medicare_senate.html