To address the growing need for long-term care supports and services for over 90 million Americans age 65 and older by 2055, Rep. Frank Pallone (D-NJ) unveiled a discussion draft to create a new Medicare benefit that would extend services to eligible beneficiaries for long-term care.
The proposal would cover all long-term services and supports, including assisted living, nursing facility care, adult day care programs, home health aide services, personal care services, and transportation and assistance provided by a family caregiver. The draft legislation represents the first new Medicare benefit since Part D, which was approved in 2003 and implemented in 2006. Argentum has been in contact with Rep. Pallone’s Committee staff and looks forward to continuing to work with the Congressman on addressing the long-term care financing needs that face millions of older Americans.
Get updates on the latest news impacting senior living through our Argentum Daily newsletter.