I just read an insightful article full of common sense thinking in the Orange County Register on the proposed CLASS ACT government long term care insurance plan.  They point out the smoking gun-main problem(s) of the plan is you can get more benefits for less money with private long term care insurance.  Healthy people will buy private insurance and unhealthy will buy the government run long term care insurance.

More importantly, they also point out that “fuzzy math” is used by the democrat leaders with their CLASS ACT plan in that you cannot use the plan for the first 5 years, but premiums are collected immediately.  They say this is budget neutral by collecting 10 years of premiums but having to pay out only 5 years worth of claims.  What happens in the second decade when the plan is then fully loaded up with just unhealthy people? (healthy people will opt of private long term care insurance because it’s cheaper and provides significantly more benefits)

Common sense thinking Americans know that this plan will implode and will create another entitlement program that will put further strain on future generations standard of living.  Sadly, our current political leaders feel the need to spend our kid’s future earnings today selfishly on themselves.

Beware, democrat leaders will be hammering the airwaves  hard over the next few year trying to pursued you to buy this red herring insurance plan.  The government’s CLASS ACT long term care insurance plan may be the best for you if you don’t have decent health, however, if you have average or better health you will probably be able to get more insurance for less money by using your good health to your advantage by having yourself underwritten by a blue-chip private long term care insurance company.  If you’d like to learn more call us anytime or simply fill in this form.  Either way, we really apprecaite your time and thanks for reading our blog.