CLASS Act introduced by Sen. Kennedy and Harkin

From Senator Kennedy's office Press Release

"Senators Edward Kennedy and Tom Harkin and Representatives John Dingell and Frank Pallone introduced the Community Living Assistance Services and Supports (CLASS) Act of 2007 that would create an insurance program for adults who become functionally disabled.

The measure would provide a cash benefit to help obtain services and supports, while providing those with disabilities more choices on community participation, education, and employment. ...

The CLASS Act is an important step in the evolution of public policy because it is a framework based on the principles of independence, choice, and empowerment. It is the framework needed to help individuals gain the access they need to live independently. The CLASS Act does this by establishing a national insurance program to be financed by voluntary payroll deductions to provide benefits to adults who become severely functionally impaired. To qualify for benefits, individuals must be 18 years old and have contributed to the program at least 5 years. All working adults will be automatically enrolled in the program, unless they choose not to be.

There are two benefit tiers: Tier 1 benefits ($50/day) will be payable to eligible individuals who have 2 or more impairments on Activities of Daily Living (ADLs) or the equivalent cognitive impairments.

Tier 2 benefits ($100/day) will be payable to individuals who have 4 or more ADLs or the equivalent cognitive impairment."