One Solution to the Costs of Long Term Care – CLASS Act

While the CLASS Act will not cover 100% of the costs of long term care, it is one solution to help individuals subsidize the costs of care that may be received as they age.

The CLASS (Community Living Assistance Services and Support) Act Law, which is part of the Health Care Reform, will be set up as a voluntary national insurance program to help pay for long term care at home.  This    Both part-time and full time employees will have the option to take a payroll deductions, which again, will go towards paying for long term care at home.  They will be eligible for an average of $75 per day, should they reach the point where they are not able to perform the basic Activities of Daily Living, which include bathing, dressing, continence, toileting, transferring, and eating.   This money can be used to pay for a wide variety of services from non-medical to home modifications and more.   Keep in mind, an individual must pay into this program for five (5) years before benefits are payable.

Please use the following link as a resource.

http://www.lifecarefunding.com/blog/file.axd?file=2010%2f5%2fCLASS+Act+Summary+-+UNUM+5+10.pdf