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The CLASS Act's $50 per day "average benefit" will cover a small portion of the $75,000/year most Americans pay for in-home care. Most people who want to protect their savings will still need to own LTC insurance.
One of the biggest problems our country faces is that most Americans still think that Medicare or their medical insurance covers the cost of long term care.
The CLASS Act addresses this problem by making a very clear statement: You have to pay for your own long term care.
LTCInsuranceCompare 1 year ago