As large Medicaid cuts loom, states look to convert life insurance polices to long term care benefits to fill the financial gap

Written by Chris Orestis for ProducersWeb Although Medicaid cuts were not part of the federal budget and deficit ceiling compromise agreement (for now), on Aug. 1, 2011, CMS enacted an unprecedented across the board reduction in LTC reimbursements from Medicare and Medicaid of 11.1 percent for 2012. As the debate over how to balance the … Continue reading