The Community Living Assistance Services and Supports (CLASS) program, a part of the health-reform law, established a national, voluntary insurance program for purchasing community living services. It was designed to expand options for people who require long-term help. But in mid-October, the Obama administration shut down the program, saying it was not financially feasible.
According to the Urban Institute, relatives of the aging struggle to balance their elder-care duties with employment and other family responsibilities, and the care they provide equates to some $375 billion a year. At the moment, the options for paying for long-term care are limited. Medicare doesn’t cover all that much and just 12% of adults age 65 or older have private insurance, according to the Urban Institute. As a result, many families pay out of pocket until they exhaust their resources and turn to Medicaid.
Read about the problems in an article written by Robert Powell on yahoo at
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