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Government long-term care insurance available to all working adults

Posted On Fri, June 4, 2010

A new law that will provide government insurance for those seeking long-term care will soon become active, and that extends even to those that are self-employed.

The Community Living Assistance Services and Supports program or (CLASS Act) will provide any working person with long-term care insurance, according to the New York Times. Though the program won't get underway until October 2012, lawmakers have already announced that employees will be able to pay into the program through their employer with premiums deducted from their paycheck. Self-employed workers will have to wait for further details on how they can pay in, but they will be eligible for the program.

This insurance will allow those that require long-term care to get benefits of at least $50 a day, the Times said, and is designed to allow policyholders to stay in their communities rather than nursing homes, though it will pay for that as well. Policyholders cannot begin receiving benefits from the plan until they have paid into it for at least five years.

The Vail (Colorado) Daily News recently reported that a Department of Health and Human Services survey found 70 percent of people over 65 need long-term care.ADNFCR-2297-ID-19820121-ADNFCR

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