A bipartisan group of state lawmakers is asking Connecticut's Congressional delegation for help in encouraging more seniors to buy long-term health care insurance. They want Congress to create an easy to use federal income tax deduction for the cost of premiums.
Wilton State Senator Toni Boucher says policy length needs to change. She says many elderly people are outliving the typical three-year policy and could be in long-term care much longer, outspending what was budgeted for. Boucher says the tax exemption would encourage people to take on these policies.
Officials say the elderly population in Connecticut could grow 69-percent by 2032. The state's population is already the 7th oldest in the nation.
State-paid long-term medicaid services make up 10-percent of the state budget, nearly $3 billion.