A Greater Town : US : FL : LEE : Fort Myers : Legal & Financial : Insurance : Health Insurance — Medicare Supplemental & Long Term Care Insurance

CLASS Act – Eligibility and Long Term Care Assistance

Medicare Supplemental & Long Term Care Insurance

Updated on Jun 10, 2013

Edit post | View more like this | Visit Fort Myers, FL | Contact Aya Breya
What is Community Living Assistance Services and Support Act? In an effort to reduce health costs nationwide and make health services available to more people, the Obama Administration enacted new programs under the Patient Protection and Affordable Care Act of 2010. The Community Living Assistance Services and Support Act, also known as CLASS Act is one of those programs underway and it involves extending long term care benefits beyond those offered through other government funded insurance program like Medicare and Medicaid.

Medicaid and the CLASS Act

In America, Medicaid is one of the largest sources of funding for medical and health-related services for individuals with low income. This government insurance program also provides long term care assistance and services for seniors and individuals with disabilities. However, in order to qualify, you need to meet strict income and asset tests. Since not everyone can qualify for Medicaid, the government created the Community Living Assistance Services and Support Act or CLASS Act .

Who Are Eligible for the CLASS Act Program?

To qualify for the benefits of the CLASS Act program, you need to be an active workforce participant for three of the five years. Moreover, the National Center for Policy Analysis states that you need to meet certain qualifications for you to claim long term care benefits. For example, physical limitations must persist for at least ninety days. Physical limitations mean incapable of performing two activities of daily living like bathing, cooking or dressing.

Benefits of the Program

If you are found eligible, you can receive as much as $50 a day in cash benefits. The amount depends on the types of home care services that you require. According to the National Center for Policy Analysis, the actual benefit amounts are calculated using a sliding scale that is based on the number of years you have worked and the amount of payroll contributions you have made into the program. Unlike other government funded programs like Medicare, the CLASS Act provides coverage of non-medically related services and custodial care like Activities of daily living. In addition, long term care benefits are inflation protected. You are assured that the benefit amounts will increase according to the present inflation rates.

Limitations of the Program

Although, the employee’s family members are not included in the coverage of the Community Living Assistance Services and Support Act, it is still not certain whether non-working spouses could enroll in the program or receive benefits. Under the Social Security Act, you need to have sufficient earnings to be credited with income quarters.

The CLASS Act is one of the most recent measures of the government to encourage each and everyone to start planning for long term care. Planning for long term care is not easy. But, once you understand how important it really is, you will be motivated to start planning early. These days, long term care services are very expensive and the government is trying everything to help the citizens make the transition to the golden age more smoothly.
goodideazs, LLC is not affiliated with the authors of this post nor is it responsible for its content, the accuracy and authenticity of which should be independently verified.

About | Advertise | Terms | Privacy | Contact A Greater Town

Top Business Listings | Banner Art Gallery | Blog | Seo Site Crawler

Copyright © 2007-2019 goodideazs, LLC. All rights reserved.