The Demise of the CLASS Act and the Future of Long Term Care Insurance: A Conversation with Ms. Connie Garner (August 5, 2013)
www.thehealthcarepolicypodcast.com
Listen Now While the vast majority (70%) of people turning 65 will need long term care services for an average of three years, only 7 million Americans own a long term care insurance policy. Medicare does not provide for long term care and Medicaid only covers long term care costs for those with very limited financial means. The CLASS Act, a provision within the ACA, would have created a voluntary and public long term care insurance policy for employees but the ACA provision, as written, was unworkable such that the Obama adminstration abandoned its efforts to implement the CLASS Act in late 2011. (The Congress offically repealed the provision in early 2013.)
The Demise of the CLASS Act and the Future of Long Term Care Insurance: A Conversation with Ms. Connie Garner (August 5, 2013)
The Demise of the CLASS Act and the Future of…
The Demise of the CLASS Act and the Future of Long Term Care Insurance: A Conversation with Ms. Connie Garner (August 5, 2013)
Listen Now While the vast majority (70%) of people turning 65 will need long term care services for an average of three years, only 7 million Americans own a long term care insurance policy. Medicare does not provide for long term care and Medicaid only covers long term care costs for those with very limited financial means. The CLASS Act, a provision within the ACA, would have created a voluntary and public long term care insurance policy for employees but the ACA provision, as written, was unworkable such that the Obama adminstration abandoned its efforts to implement the CLASS Act in late 2011. (The Congress offically repealed the provision in early 2013.)