Nov 4th, 2011
Author: Kim Francis
The Obama Administration announced earlier this week that it will not be pursuing The Community Living Assistance Services and Supports (CLASS) Act, a provision in the 2010 Affordable Care Act. CLASS was to be a national long-term care insurance program meant to shift the funding of long-term care services in the U.S. from Medicaid-type programs to insurance. But this piece of legislation will not come to fruition because Health and Human Services could not make the program “actuarially sound” within the deadline that the law required.
We believe that, now more than ever, this shows that the future of healthcare, especially long-term care, will put the financial responsibility on the individual. Now is the time to plan, and explore options beyond traditional long-term care insurance and government programs. Call us today to find out the benefits that a service contract through ASSI can offer.