Over the next few days, I will focus on an important part of our population, the elderly, and a law impacting health matters pertaining to them. In March, 2010, a comprehensive federal health care act was enacted, the Patient Protection and Affordable Care Act (“Act”). Among its numerous provisions, some highly publicized, there are many provisions that are specific to the elderly but have not been given as much public scrutiny.
First, we have the Community Living Assistance Services and Supports (CLASS) program which was created by the federal Act. . It will be funded through voluntary payroll deductions made by eligible full-time, part-time and self-employed workers regardless of health conditions. Payments will be made under the program to vested participants when they have a qualifying disability. It will take 5 years to vest in the program and there will be no limits on the number of years pay outs to an individual will be made. It would not prohibit access to other long term care coverage. This program may not be helpful to those with long term care needs now but it does address the serious situation of lack of long term care coverage for over 90% of the population.
The program is anticipated to begin in the latter part of 2012. Under the Act, the Secretary of Health and Human Services has to announce the details of the program by October 1, 2012. That announcement will also include details on the benefit and premiums, and when enrollment will start.
For more information contact us at http://www.ythlaw.com/
First, we have the Community Living Assistance Services and Supports (CLASS) program which was created by the federal Act. . It will be funded through voluntary payroll deductions made by eligible full-time, part-time and self-employed workers regardless of health conditions. Payments will be made under the program to vested participants when they have a qualifying disability. It will take 5 years to vest in the program and there will be no limits on the number of years pay outs to an individual will be made. It would not prohibit access to other long term care coverage. This program may not be helpful to those with long term care needs now but it does address the serious situation of lack of long term care coverage for over 90% of the population.
The program is anticipated to begin in the latter part of 2012. Under the Act, the Secretary of Health and Human Services has to announce the details of the program by October 1, 2012. That announcement will also include details on the benefit and premiums, and when enrollment will start.
For more information contact us at http://www.ythlaw.com/
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