Nearly seven out of ten people turning 65 this year will experience some form of disability and will need paid or unpaid help with basic living activities. This creates the need for long-term care, which is quite expensive. The costs for nursing home care vary widely, averaging $6,500 per month. People who receive long-term care services at home spend an average of $1,800 per month. Medicare does not cover long-term care services. Medicaid pays for such services only for people with limited financial means; qualifying for Medicaid often means exhausting all other resources. To help provide another option, the government established the Community Living Assistance Services and Supports (CLASS) Act to be an optional, government-backed, long-term care insurance program for American workers to help pay for long-term services and supports they may need in the future. A five-year vesting period is required before benefits can be collected.