CLASS Act

Community Living Assistance Services and Support (CLASS) Act

The CLASS Act (Community Living Assistance Services and Support Act) is a voluntary, federally administered, consumer-financed insurance plan. It became law when President Obama signed the Patient Protection and Affordable Care Act on March 23, 2010. The CLASS plan provides people who participate with cash to help pay for needed assistance, if they become functionally limited, at home — from independent living to a nursing facility, if they choose.

You'll find a good summary here.