CLASS Act

Frequently Asked Questions (FAQ)

What is the CLASS Act? (No longer in place.)

The Community Living Assistance Services and Supports Act (CLASS Act) was a national voluntary insurance program that was intended to offset the cost of long-term care for the elderly and disabled. It was originally planned to be funded by premiums, with cash benefits paid to enrollees (over the age of 18) who paid premiums for at least five years, worked at least three of those years, and met a functional or cognitive "trigger."

Note: in October 2011, Department of Health and Human Services (HHS) Secretary Kathleen Sebelius decided to halt plans to implement the CLASS Act after determining that financing mechanisms were not sufficient.

Paychex Insurance Agency Can Help

Paychex Insurance Agency is a full-service organization that has taken a leadership role in transforming how businesses like yours adapt to and benefit from the rapidly changing insurance industry. We're ready to offer information and assistance to help you navigate the recent Health Care Reform initiatives.

We can help you:

• Follow the latest regulations to keep you informed about any legislative changes that affect you and your business.

Health Care Reform Updates

With access to legislative and regulatory specialists in Washington, D.C. and expert, in-house sources of legal and compliance guidance, Paychex Insurance Agency is your source for Health Care Reform knowledge, tools, and resources.

Whether you're looking for a Business Owner Policy, Workers' Compensation insurance or group health and life insurance, Paychex Insurance Agency offers flexible, scalable insurance solutions for you, your business and your employees. To learn more about how we can meet your insurance needs, call 877-393-8868 or have an agent call you.

The Department of Health and Human Services and the Internal Revenue Service (IRS) continue to provide specifics and guidance on the Health Care Reform Act. Paychex will monitor these regulatory developments and provide updates as appropriate.

The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant. It is provided for informational purposes only. If you require legal or accounting advice, or need other professional assistance, you should always consult your licensed attorney, accountant, or other federally licensed tax professional to discuss your particular facts, circumstances, and business needs.

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