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There have been many conversations of late about the CLASS Act and it’s impact on long term care & long term care insurance: what it means, what it will do to premiums, when it go into effect, etc. The folks over Center for Long Term Care Reform just happened to write about this very topic, so we thought we’d share a short blurb from their website:
This was a question they received:
“In January of 2011, the government will start taking between $150-$250 out of our paychecks every month. And, not to worry, there is no discrimination here. ALL of us will be taxed on this one. Rich, poor, everyone except people who don’t have a job, is included. If you