A New Long-Term Care Insurance Program
By Paula Span
The measure signed into law by President Obama this month contains a little-remarked insurance program designed to help Americans pay for long-term care.
I’ve read so little about the Class Act in recent weeks that when President Obama signed the health care bill yesterday, surrounded by a gaggle of happy Democrats, I had to call the National Council on Aging to reassure myself that yes, this often overlooked but potentially transformational program remained part of the package.
“It’s the law of the land as of this moment,” said the council’s president, James P. Firman, still sounding a bit dazed by the whole drama. “And there’s nothing in the reconciliation bill about it, no language in there at all. It’s the law, and it’s not going away.”
Wow.
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