Schedule A Consultation Today 425-333-2358

Helping You Plan Your Future And Solve Your Problems

View Our Practice Areas

Elder-care issues remain complicated without CLASS

The recent decision by the Obama administration to scrap the long-term-care aspect of health care reform presents a number of problems for those concerned with elder care issues in Washington and across the country. Seniors face a whole host of issues, ranging from end-of-life wishes to assisted living and nursing home care. The Community Living Assisted Services and Support (CLASS) Act was designed to address certain elder care needs by arranging an insurance policy to which people could voluntarily pay premiums in exchange for certain long-term care services if needed. But the administration could not find an affordable policy, making CLASS a bust.

Some say the result is a ticking time bomb. The typical 65-year-old couple can expect to pay almost $200,000 over their lifetime for health-related costs. The prospect of nursing home care changes that figure to a low of $260,000 and $570,000 on the high side.

In the aftermath of the abandoned aspects of the government insurance plan, elder care planners must rethink Medicaid and determine to what extent it can help clients with nursing home care and end-of-life wishes. These are hardly easy issues to resolve, especially considering the aging baby boomer population and their diminished financial capacity due to the ongoing national debt crisis. In Washington, those facing long-term care issues or who are interested in devising a workable elder-care plan may do well to seek compassionate legal consultation. Doing so can help clarify a number of options ranging from estate planning, wills, trusts, probate, and long-term care. It is important that elders and family of elders see clearly their financial circumstances and are able to devise a plan aimed at achieving the best results possible.

Source: businessjournalism.org, "With CLASS dead, making sense of long-term care for your audience," Melissa Preddy, Oct. 28, 2011

No Comments

Leave a comment
Comment Information

Make Your Consultation Appointment

To speak with an attorney at Gellner Law Group about estate planning, probate, trusts, wills or tax controversy, contact our law office in Kent, Washington, today. You can call 425-336-2908 or send us an email. We provide representation across the entire Seattle-Tacoma metropolitan area.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us

Kent Office
8407 S. 259th Street
Suite 203
Kent, WA 98030

Phone: 425-336-2908
Fax: 253-852-0400
Kent Law Office Map

Kent Office

Spokane Office
505 W. Riverside Avenue
Suite 500
Spokane, WA 99201

Phone: 425-336-2908
Fax: 509-769-0202
Map & Directions

Spokane Office