New Option for Affordable Long-Term Care LTC

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A recent NYT article by Paula Span details the “Class Act” program.

“The program is not designed to pay the entire cost of long-term care, which can be staggering, but it could nevertheless provide substantial help with the burden. And because beneficiaries will receive cash — the projected minimum average is $50 a day, depending on how disabled they are — they can choose the kind of assistance that best suits their needs: several hours’ daily help from a home care aide (including a family member or a neighbor), participation in an adult day program, adaptations to their own homes, or a move to assisted living or a nursing home, though advocates argue that the program will help the disabled stay in their homes.”

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