Monthly Archive: September 2011

Sep 22

The CLASS Act (YES, You Still Need Long‐Term Care Insurance!!)

The Community Living Assistance Services and Supports (CLASS) Act is a provision in Section 8002 of the new health care reform bill (The Patient Protection and Affordable Care Act, Public Law 111‐148) enacted March 23, 2010. The CLASS Act is supposed to provide a small cash benefit of an average of $50 a day with a lifetime benefit period depending on the level of impairment. For example, needing help with four Activities of Daily Living vs. two would result in an increased benefit. This benefit is guaranteed issue and is designed to help people with limitations stay in the community instead of going to a nursing home. The program is supposed to be funded solely by premiums paid by employees who do not opt out via payroll deductions by the employers who choose to participate.

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Sep 19

LTCI Tax Incentives for Employer-Sponsored Plans

Many employers are deciding it is more cost effective to contribute to the premium for a worksite LTCI plan rather than incurring costs due to caregiver absences and distractions.

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Sep 03

Consumer Protections in Today’s Long-Term Care Insurance Policies

There are many protections for consumers in today’s long-term care insurance policies.

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