Love and Long-term care Insurance

by Scott A. Olson, CLTC

I’ve been wanting to say something like this for a long-time, but I could never quite find the right words.  I read them today in an article in the Minneapolis Star-Tribune.  Here is the quote verbatim from a colleague of mine: “Mike Westling, a...

The real message of the CLASS Act!

by Scott A. Olson, CLTC

After the healthcare reform bill (PPACA) passed in March 2010, some people mistook the CLASS Act program as some type of new entitlement. The Community Living Assistance Services and Supports Act (aka The CLASS Act) is the exact opposite of an entitlement program....

The difficulties that lie ahead for the CLASS Act

by Scott A. Olson, CLTC

Howard Gleckman, author of “Caring for Our Parents” does a superb job of explaining the difficulties facing the CLASS Act program (Community Living Assistance Services and Support Act).  In order for the CLASS Act program to be successful, the federal...

Aren’t the most expensive long-term care policies the best long-term care policies?

by Scott A. Olson, CLTC

A woman in California recently asked me why one long-term care policy was almost twice as expensive as some of the other policies I’d compared for her. It’s a good question and it reminded me of a story. A few years ago, I compared several long-term care...

Does the CLASS Act become effective on January 1, 2011?

by Scott A. Olson, CLTC

When does the CLASS Act (Community Living Assistance Services and Supports Act) become effective? There is a lot of confusion about when the CLASS Act becomes effective.  Many reputable sources have erroneously stated that the CLASS Act starts on January 1, 2011,...

A Summary of the New CLASS Act (Community Living Assistance Services and Support Act)

by Scott A. Olson, CLTC

Below is a summary of the portion of the healthcare reform law, known as the “CLASS Act”.  C.L.A.S.S. stands for:  Community Living Assistance Services and Support Act. Who can enroll in the CLASS Act? Anyone who is working can enroll, even the...