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September 3, 2010

HR Fact Friday: Long Term Care Benefits – A Less Visible Part of Healthcare Reform

Filed under: Benefits — Tags: , , , , , 7:17 am

The recently enacted Patient Protection and Affordable Care Act, otherwise known as healthcare reform is a complicated piece of legislation with many parts.

One part, that hasn’t gotten a lot of press, is the Community Living Assistance Services and Support (CLASS) Act.

CLASS creates a national voluntary long term care insurance program.   The program is set to begin in 2011.  The Department of Health and Human Services still needs to develop guidelines, so we don’t know much about it.   However, employers should begin to think about whether they’ll participate in the program and stay tuned as facts become available. The program is to be fully funded by employees and benefits will be available to employees after they have paid premiums for at least 60 months.

CLASS provides small supplementary benefits for in home care, and is not enough to pay for assisted living facilities or nursing homes.

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