The "Gang of Six" proposal for dealing with the federal deficit would eliminate the long-term care provision of the Affordable Care Act.
The Community Living Assistance Services and Supports (CLASS) Act was championed by the late Sen. Edward M. Kennedy, but criticized because it's voluntary, so only the sickest people would enroll.
Generally, the CLASS Act has receieved little notice outside the long term care industry. The program would establish a a voluntary insurance program for in-home care where individuals would pay premiums, then receive cash benefits if they become eligible for care. The specific details of the plan are not known; the secretary of Health and Human Services (HHS) has until Oct. 2012 to design the program.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
