The Nursing Home Reform Act of 1987 established new quality of care standards for Medicare and Medicaid-certified nursing homes, leading to increased costs for long term care (LTC) providers and higher claim payouts. These changes helped build greater public trust in both LTC insurance and nursing homes. Additionally, 1987 marked the year John Hancock sold its first long term care insurance policy, further expanding the industry’s reach.
Nursing Home Reform Act
Gordon Associates was one of the first companies to provide long-term care planning and continues to be a leader in helping people plan for happy retirements.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about tax breaks and incentives for LTCI for federal and state taxes.
Of course, we are always available to answer your questions.
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Gordon Associates was one of the first companies to provide long-term care planning and continues to be a leader in helping people plan for happy retirements.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about LTC and assist you with your health care planning.
Of course, we are always available to answer your questions.
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