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It’s been two months since the formal demise of the Community Living Assistance Services and Supports Act (CLASS Act). This federally-supported voluntary insurance program could’ve been an alternative passport to long term care CLASS Act supporters believe. Unfortunately, it appears the Department of Health and Human Services (HSS) has no intention of reviving it anytime soon.
It can be recalled that HSS Secretary Kathleen Sebelius said in October that there is no viable path to sustaining the funds of the CLASS Act since it is a voluntary program Authentic Aaron Judge Jersey , and the benefits it shall pay out supposedly beginning 2017 will be solely dependent on the premiums collected.
In addition, the HSS studied the possible enrollees to the program and came up with the conclusion that older people who are at risk of requiring a higher level of care are more likely to enroll rather than young healthy adults in the workforce. If the program will be receiving only a few crumbs of premiums for five years and later pay out a chunk of benefits, it won’t take long before it folds up and this is exactly what the HSS has foreseen.
Had it been slightly supported by taxpayers’ money Authentic Dellin Betances Jersey , perhaps there could be a way to make the program work. According to reports, President Obama himself was not completely sold on the idea of CLASS Act as an alternative to private long term care insurance (LTCI) policies that is why he initially opposed its inclusion in the health care law.
It was the late Sen. Ted Kennedy who fought for the inclusion of CLASS Act as he personally designed it for families who cannot afford the cost of a private LTCI policy. From the conception of the CLASS Act, Republicans were vehemently against the idea of pushing it forward to the public since they’ve seen clear signs that the program is unsustainable.
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When CLASS Act was junked Authentic Sonny Gray Jersey , many senior citizens aired out their sentiments since they were hoping to be among those who will benefit from the said insurance program.
In a random interview with some senior folks, they said the deliberate scrapping of the Act was complete disregard for the health care needs of American citizens who are only earning for their food and other basic necessities.
Coming from their standpoint you would understand how they feel but looking at the bigger picture, the cancellation of the CLASS Act did not take away what the poor citizens are already benefitting from which is Medicaid.
CLASS Act was primarily designed for working adults 18 years old and older who want financial security for their future should they need long term care unexpectedly six or seven years from now. They were never encouraged to acquire it as an alternative to private LTCI policy since the latter offers a wider scope of services and bigger benefits.
Should the government offer long term care CLASS Act fashioned in the future Authentic Aroldis Chapman Jersey , the public can perhaps consider it as supplemental to their LTCI coverage. This way, they won’t com