Many of you may remember that now famous phrase which was used by the crew of the Apollo 13 moon flight, to report a major technical problem back to their Houston base. [Read more…] about Houston: We May Have a Problem! (Sacramento: We DO Have a Problem!)
PROPOSED LEGISLATION AS OF APRIL 5, 2018:
SB 1248 (Gaines and Glazer) implements a recommendation by a group of stakeholders to reform the Partnership for Long-Term Care Program (“Partnership”) housed at the Department of Health Care Services (DHCS). Specifically, the bill would establish a new minimum floor for benefit levels provided through long-term care insurance (LTCI) policies certified by the Partnership. [Read more…] about AGENT LEGISLATIVE UPDATE FOR THE CALIFORNIA PARTNERSHIP FOR LONG-TERM CARE
As March roared in like a lion across parts of the US, the sun began to shine in Sacramento on March 1, 2018 when the California LTCI Task Force agreed and voted unanimously to implement the “Sub-Task” force recommendations regarding the “Revitalization” (Noun: the action of imbuing something with new life and vitality) of the California Partnership for Long-Term Care program in California. [Read more…] about California Producer Alert: Long-Term Care Insurance Market 2018 Update
In our last Article, The Blind leading the Blind: State of Confusion in the LTCI Industry 2017 Holiday Edition (part one), we shared the results of a recent national LTC Survey conducted by Genworth in the 3rd quarter of 2017 that eventually highlighted American Consumer ignorance about Long-Term Care costs and it’s financing options.
Within weeks, another article in Think Advisor dated for November 25, 2017, states “One America Sees LTC Solution Knowledge Gap.” One America says they have new evidence that ignorance continues to be a barrier to use of insurance-based Long-Term Care planning arrangements. [Read more…] about Blind Leading the Blind: The Fleecing of the LTC Insurance Industry (2018 New Years Edition – Part 2)
On September 27, 2017, the California LTC Insurance Task Force met for the third time with positive results!
Based on the last two meetings and the feedback received by the task force participants, DHCS (Department of Health Care Services) was able to distill the responses into four general areas to further explore:
1) Current/new policy design & financing (cost sharing)
2) Consumer Education/Outreach