As mentioned previously, ObamaCare@ includes a half-hearted attempt to encourage folks to insure their own long term care expenses. Called the CLASS Act (for Community Living Assistance Services and Supports), it posits a voluntary (for now) program enabling folks to purchase, through payroll deduction at their worksite, a long term care "assistance program." On the one hand, it's nice that the gummint is making an effort to get folks to consider buying long term care insurance. On the other, I'm not convinced that this is the way to do it.
Still, it is the law, and we may as well make the best we can of it. To that end, carriers like John Hancock are putting out informative presentations that help cut through the clutter. Hosted at Brainshark, this 15 minute slideshow provides a solid, basic explanation of what the CLASS Act does and doesn't do, and what other alternatives may be available.
And if you haven't already read it, I highly recommend guest-blogger Herman Bruns' thoughtful, insightful post on why and when you should be considering Long Term Care insurance.
Still, it is the law, and we may as well make the best we can of it. To that end, carriers like John Hancock are putting out informative presentations that help cut through the clutter. Hosted at Brainshark, this 15 minute slideshow provides a solid, basic explanation of what the CLASS Act does and doesn't do, and what other alternatives may be available.
And if you haven't already read it, I highly recommend guest-blogger Herman Bruns' thoughtful, insightful post on why and when you should be considering Long Term Care insurance.
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