No Changes for the WA LTC Cares Fund in 2023
Learn the latest on when the Legislature is expected to act on the LTC Commission’s recommendations.
Washington Cares Fund Update
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.
active CLTCs only
The Rise of LTC – Fueled by Legislation. Is Your State Next?
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.
active CLTCs only
By Rejecting the Compact, South Carolina Sets Uneasy Precedent
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
active CLTCs only