CLASS Long-Term Care Program Suspended: What to Know

CLASS Long-Term Care Program Suspended

long term careThe plan to provide long-term care insurance through the workplace as part of health care reform has been officially suspended, the Dept. of Health and Human Services said in a letter to Congress.

The Community Living Assistance and Services and Supports Act, also known as the CLASS Act, was part of President Obama’s overall plan to overhaul health care. The program would have provided a lifetime benefit of at least $50 per day in case of illness or disability, but has been canceled due to the lack of a viable financial plan.

The issue of long-term care is not likely to go away, however. By the year 2020, an estimated 15 million Americans will require some form of long-term care, but less than three percent currently have a long-term care insurance policy, said HHS Secretary Kathleen Sebulius in her letter to Congress.

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