News this week that Nebraska State Treasurer Shane Osborn will introduce a new marketing campaign aimed at raising awareness for long term care needs in Nebraska. The program in Nebraska is called “the good life, longer.”
“The first of America’s 78 million baby boomers turned 60 this year and an additional 7,900 reach that same milestone every day,” said Osborn. “With advances in medicine, most boomers can expect to live into their 90s, but experts warn that more than 95 percent of them are unprepared for eventual long-term care needs associated with living a long life.”
“I have high expectations for this program and I realize our impending success is going to engage other states in this issue and eventually they will begin to draft similar versions of this program for their own citizens. With other states on board we will then be in a position to appeal to lawmakers on Capitol Hill and push for federal tax benefits.”
Nebraska Long-Term Care Savings Plan (LTCSP)
The LTCSP is a essentially a state-tax-sheltered savings or investment account. The account, in order to qualify, must be opened by a consumer at a participating bank, savings bank, credit union or other financial institution or a subsidiary.
