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To: RealMuLan who wrote (9194)	11/9/2010 4:38:59 PM
From: RealMuLan	Read Replies (1) \| Respond to of 12464

OT: A lengthy article about Obamacare safehaven.com This one I did not know before: "• Adds new taxation on capital gains, including a new 3.8% tax on the sale of your home (2013) ... • Mandates auto-enrollment in long-term care at a cost of $123 per month for everyone (the CLASS Act), requiring an affirmative opt-out if you don't wish to be covered (as soon as HHS can determine how to implement)." shrm.org "With Health Care Reform, Long-Term Care Option Become Law Tucked into the landmark Patient Protections and Affordable Care Act signed into law by President Obama on March 23, 2010, is the Community Living Assistance Services and Supports (CLASS) Act, which creates a national social insurance program providing limited long-term care (LTC) coverage through the workplace for employees. The government-run LTC option is intended to provide a baseline for extended care (see H.R. 3590, pages 710-729, for the statute text). Under the program, all premium costs can be charged to employees. Beginning Jan. 1, 2011, employers would create automatic enrollment procedures that allow workers to opt out, or workers could choose to enroll and pay premiums for five years before they could receive benefits. Premiums would average $123 a month in 2011, would vary with age and would not increase once employees signed up, but they would increase for those signing up later. After five years of paying into the program, enrollees would become eligible for assistance if they experience limitations in two or more so-called activities of daily living, including eating, bathing, dressing and taking medications. This assistance would take the form of a modest daily cash benefit, estimated at $50 per day for impaired enrollees living in the community, for services such as respite care, home care aides and accessible transportation, and up to $75 a day for enrollees who become institutionalized. These amounts would increase with inflation. According to an article in the January 2010 issue of the journal Health Affairs, nursing home costs in the U.S. average more than $75,000 per person per year, or $250 per day. "You do not have to do this on an auto enrollment basis, nor do you have to subsidize it," advises Ken Sperling, global health management consulting leader at Hewitt Associates. The CLASS Act, he explains, "is there because with long-term-care programs you pay premiums before benefits get paid out, and the CLASS Act raises $72 billion over the first 10 years. It's a very attractive revenue raiser to put into health care reform legislation."