Health Insurance Law: The CLASS Act
Posted on May 6th, 2011
The Community Living Assistance Services and Support, also known as The CLASS Act, was developed by Senator Edward M. Kennedy with the intention of making easier for individuals to purchase health insurance that would assist with paying for home assistance in case an injury or illness made day to day living very difficult.
After 10 years of working on this particular bill it became law as part of health care reform. There are a lot of promises included in The CLASS Act including eligibility for most people, no matter their health status. There would be a benefit of $50 a day lasting until death if necessary, and a premium structure that will offer discounts for lower income families but that will not require federal funds. Unfortunately, there is a good chance this is too optimistic to actually work.
The secretary of health and human services, Kathleen Sebelius, believes it’s going to be difficult to achieve all that was promised in this particular legislation. Sebelius and her staff are working to find the right balance of cost and benefits to ensure the program can be successful for the long run.
With Medicare not covering as much as many people think it will, it’s nice to know alternatives are being worked on. Whether health insurance Alabama or health insurance in Alaska, residents can be assured their best interests are being considered. But with most federal programs, it’s important to be sure things are too expensive or funds will run out fast and the program cannot survive. About 7 million people have purchased long term care insurance from a commercial insurer according to LIMRA, so the need is out there and hopefully something can be worked out to make this benefit available for many Americans.
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Tags: Act, Class Act
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