BOSTON (WWLP) — A Holyoke State Representative wants to
increase benefit limits on
long term care insurance. 22News is working for you with how it could help you at a time when you're most vulnerable
When a person in Massachusetts pays for long term care and their health insurer goes bankrupt, the state offers a safety line. It's called the
Massachusetts Life & Health Insurance Guaranty Association, a group of insurers that pays for a patient's claims when a member insurer runs out of money.
According to Rep. Vega, “Small financial advisors and insurance people, they're often the people that are on our Main Street, they're the small businesses in Holyoke we have a bunch of them on Northampton Street and downtown, so supporting them is really important.”
The need for long term care occurs when people can't live independently because of a car accident or chronic illness like dementia, cancer or a stroke.
Copyright 2013 WWLP TV. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Did you like this article? Vote it up or down! And don't forget to add your comments below!