Re: The Sad Case of the Patient Protection and Affordable Care Act
There already are life insurance policies available commercially whose insurance benefits can be converted to long-term care coverage. Lincoln National offers one of the most popular one, called MoneyGuard. It probably wouldn't be too difficult for creative actuaries, unencumbered by mandates and social-engineering considerations, to devise one that would work in a similar manner for healthcare.
Regarding estate tax, there is a $1 million exemption before the tax kicks in (under current law, starting in 2013. The 2012 limit is $5.12 million which is not likely to be extended given the current political environment).
Originally posted by Plante26
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Regarding estate tax, there is a $1 million exemption before the tax kicks in (under current law, starting in 2013. The 2012 limit is $5.12 million which is not likely to be extended given the current political environment).
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