Monday, October 17, 2011

HHS will not implement CLASS Act of PPACA legislation

On Friday, HHS Secretary Kathleen Sebelius released her recommendation to halt implementation of the CLASS Act, the long-term care insurance plan included in the health reform legislation passed in March of 2010.  Sebelius stated that the program was said to have design and financial problems and that it could not be implemented in time to launch next year as intended.

The CLASS Act was designed to be an optional, government-backed, long-term care insurance program that required a five-year vesting period before subscribers could collect benefits.

For more information, refer to the Memo from Secretary Sebelius or the HHS Report Analyzing CLASS Act Implementation Options.

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