Washington Cares Fund Update

November 8th, 2022

Since 2021, the Commission has and continues to make recommendations to the legislature and appropriate administrative agencies regarding WCF criteria for determining who is a qualified individual, minimum provider qualifications, service payment maximums, a private supplemental LTCi product, actions needed to maintain WCF solvency, and monitoring of agency expenses. To achieve these goals, the Commission created several working groups to develop recommendations in 2022 and 2023. 

The Rise of LTC – Fueled by Legislation. Is Your State Next?

October 7th, 2022

We are in the middle of a once in a lifetime career event; the stars have aligned. Demographics. Consumer appetite. Legislation. Interest rates. Product availability. Ready or not, the rise of LTC is here. The question isn’t if your existing clients or prospective clients will be buying LTCi. The question is, will they be buying LTCi from you.

The Impact of Paid In-Home Care on The Journey of Family Caregivers

September 16th, 2022

By Rejecting the Compact, South Carolina Sets Uneasy Precedent

July 1st, 2022

South Carolina’s exit from “the compact,” a multistate body that regulates insurance products, exposes the somewhat precarious foundation that the group rests on. For the moment, no one sees other states heading for the exit from a regulatory body that has helped make life easier for carriers and regulators.

By Cyril Tuohy

Legislative Update – State of MN

July 1st, 2022

By 8/1/2022, MN S 3338 permits the commissioner to authorize certain long-term care coverage to be sold as part of/in conjunction with a life insurance product.