It’s something you may not want to think about, but State Treasurer Shane Osborne says the future is approaching.
“Well, we’ve got a unique plan, it’s the only one of it;s kid in the country. It’s called the Long Term Care Savings Plan. And what it is is a way for people to set up savings accounts and take an in state tax deduction of $1,000 or $2,000 per married couple and start saving now for those long term care costs.”
Osborne is not just talking about Nursing homes, he says the money you save in the special account could be used for things like home improvements or other things that are needed as you get older. Contact the State Treasurer’s office for more information.