Blunt Promotes Care Insurance

1 decade 1 year 3 months ago Wednesday, August 15 2007 Aug 15, 2007 Wednesday, August 15, 2007 10:57:02 AM CDT August 15, 2007 in News

Blunt decreed 100 percent deductibility for long-term care insurance. He was well-recieved as he informed the public of his new campaign on Keene Street in Columbia.

"It's never too early to start planning for the future, but we're going to focus on those Missourians that are 45 to 65 on how through proper planning they can maintain current lifestyles for years to come," said Blunt.

He promoted awareness of long-term care needs and encouraged consumers to get a free planning kit.

"Care gets expensive very quickly. Many people don't realize how expensive it is and how fast the costs are escalating and whatever savings they have could be rapidly depleting just like the plan and the brochure says," said Donald Waterman, who has a parent in a retirement home.

"I think we need to stress to everyone that they need to start saving early. As they say: pay yourself, and that means to be done at an earlier age just as soon as possible. I know it's difficult when you're trying to raise a family, but you still need to set aside some money every week or every paycheck, said retired citizen Glenda Strawn.

The plan itself isn't taking much heat from the Democratic party, but some democrats find a long term care plan hypocritical.

"There's nothing wrong with getting people to plan for their long term needs, but what is wrong is to cut 400,000 Missourians who are elderly, poor, and disabled off of the heartache system in this state," said Sen. Chuck Graham (D-Columbia).

"Own Your Future" isn't taking any state funding, the federal government is footing the bill. Missouri is the sixteenth state to take part in the campaign.

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