As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid.
Last month, Rep. Tom Suozzi (D-N.Y.) reintroduced the Well-Being Insurance for Seniors to be at Home (WISH) Act, which would amend Social Security to provide long-term care benefits for program participants.