![]() ![]() ![]() Only about 2.8 percent of Americans have a policy. Long-term care insurance, by far the most popular private option available, can be costly and difficult to purchase for those with pre-existing health conditions or disabilities. Medicaid pays for such services only for people with limited financial means qualifying for Medicaid often means exhausting all other resources.įurthermore, few private mechanisms are available to help people plan ahead to pay for their future care. Medicare does not cover long-term care services. Expected lifetime long-term care spending for a 65 year old is $47,000 sixteen percent will spend $100,000 and five percent will spend $250,000. People who receive long-term care services at home spend an average of $1,800 per month. While costs for nursing home care vary widely, they average about $6,500 per month, or anywhere from $70,000 to $80,000 per year. While most people who need long-term care are in their 70s and 80s, young people also can require care, with 40 percent of long-term care users today between the ages of 18 and 64. Almost seven out of ten people turning age 65 today will experience, at some point in their lives, functional disability and will need some paid or unpaid help with basic daily living activities. There is a critical need to find ways to help Americans prepare for their long-term care needs. Appendix A includes a description of the Act that was prepared by the CLASS Office to guide their work. By statute, CLASS benefits must be funded entirely through enrollee premiums there is no taxpayer subsidy. The CLASS program seeks to help enrollees live independently in the community and to give them considerable freedom to determine the necessary services and supports they purchase with their coverage. The law was designed to establish a voluntary, national insurance program for American workers to help pay for long-term services and supports they may need in the future. section 201 et seq., by adding the CLASS Act as Title XXXII. 23, 2010), which amended the Public Health Service Act, 42 U.S.C. The Community Living Assistance Services and Supports (CLASS) Act was enacted as Title VIII of the Patient Protection and Affordable Care Act (ACA), P.L. Humphrey Building, 200 Independence Avenue, SW, Washington, DC 20201. From Kathy Greenlee, CLASS Administrator, to Secretary Sebeliusįor additional information, you may visit the DALTCP home page at or contact the office at HHS/ASPE/DALTCP, Room 424E, H.H. ![]()
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