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At the federal level, the two categories of budgetary expenditures are entitlement and discretionary spending.
Title III of the Older Americans Act (OAA) provides funding for a wide range of long-term services and supports (LTSS), social, and nutritional services.
Private-sector approaches for financing long-term services and supports (LTSS) must be part of a comprehensive LTSS financing strategy.
Long-term care insurance (LTCI) can be purchased privately.
One way to fund long-term services and supports (LTSS) is to adapt or combine coverage with existing life insurance coverage.
A reverse mortgage is a loan secured by the value of a home and does not require payments as long as the borrower lives in the home.
Block grants and unfunded mandates are two government budgetary practices that can have significant implications for lower levels of government.
Federal and state governments have tried to change budget rules to control government spending. Budget rules have also been used to impose fiscal discipline.
Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.