http://blog.empowerltci.com/2010/07/08/class-act-myth-4-coverage-will-be-the-same-as-private-long-term-care-insurance/ Education and Facts on Long Term Care Insurance Mon, 23 Feb 2026 23:39:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://blog.empowerltci.com/2010/07/08/class-act-myth-4-coverage-will-be-the-same-as-private-long-term-care-insurance/comment-page-1/#comment-18 Eileen Tell Sat, 24 Jul 2010 21:52:11 +0000 http://empowerltci.wordpress.com/?p=111#comment-18 There is a lot that is not yet known about CLASS so while there are areas of concern, it is difficult to say with any certainty that it will/may change benefit triggers or will/may cost more than private coverage. The "2 or 3 ADL" language is intended to apply to the initial plan design. While it would certainly put CLASS out of step with private LTCI to have a 3 ADL trigger there is no evidence of any intent to maintain flexibility to change the trigger over time; I'm not saying it is impossible, just that it isn't articulated that the flexibility to change benefit triggers will or will not be part of the coverage. The best advice is buy private coverage now and if CLASS looks like a good deal once all the facts are "locked and loaded" then consider supplementing your private coverage or reducing it by the amount offset by CLASS. But as in all things, read all the fine print (if there is any to read with CLASS). There is a lot that is not yet known about CLASS so while there are areas of concern, it is difficult to say with any certainty that it will/may change benefit triggers or will/may cost more than private coverage. The “2 or 3 ADL” language is intended to apply to the initial plan design. While it would certainly put CLASS out of step with private LTCI to have a 3 ADL trigger there is no evidence of any intent to maintain flexibility to change the trigger over time; I’m not saying it is impossible, just that it isn’t articulated that the flexibility to change benefit triggers will or will not be part of the coverage. The best advice is buy private coverage now and if CLASS looks like a good deal once all the facts are “locked and loaded” then consider supplementing your private coverage or reducing it by the amount offset by CLASS. But as in all things, read all the fine print (if there is any to read with CLASS).

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