Will I be able to use purchased Actions & Templates w/ Creative Cloud programs?

I am considering joining the Creative Cloud as an Individual Single App plan $19.99.  What I am looking for the most is the actual Photoshop program.  I already have Photoshop Elements 10 and Lightroom 4.  I have actions and template that I need Photoshop in order to utilize.  Will I be able to use the actions and templates with the Photoshop on Creative Cloud???? 
From what I understand this plan Individual Single App plan $19.99 monthly allows me 1 full downloadable application and I will be able to get Photoshop this way.  Am I understanding this correctly?  What happens when if I decide to cancel my subscription? 

You will have to ask the creators of the actions for version compatibility. Nobody can give you a blanket answer on that. Traditionally, many actions break across versions since the internal commands they trigger change, menus get rearranged and whatever. Not sure what your otehr question is supposed to mean - when you stop paying, the tools will stop working, it's as simple as that.
Mylenium

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