LifeRESERV is an innovative concept to create a qualified long term care supplement that helps families touched by disability with one of their most important financial goals - the long term care of children with severe disabilities. The intent is to provide families with an additional option to make tax free investments to ensure their loved one's long term care is appropriately funded.
The long term hope is to have the federal and state government match the family contributions based on a family income scale. The LifeRESERV plan would be administered by the Wisconsin Office of the State Treasurer and managed by a national insurance company. Any funds unused by the individual would rollover to a LifeRESERV Foundation for redistribution.
To learn more about RFW's current LifeRESERV initiative, read the discussion paper.