Long-Term Care: Legislative Considerations
Given the growing complexity of the long-term care (LTC) issue, many states are considering enacting legislation to address it. Carriers and benefits brokers will be better prepared to support the firms and employees in those areas if they are aware of the initiatives that are being discussed.
In addition to Washington State, several other states are in varied stages of considering legislation mandating public long-term care benefits for their residents.
Bill no. 903-CT-2023 — Connecticut recently introduced this bill which requires the Department of Insurance to conduct a study on a state-run LTC program. The study is expected to be presented to the General Assembly on July 1, 2024.
Bill text: S9082 — New York Gov. Hochul created a Stakeholder Advisory Committee to explore a state-run LTC program. The draft plan is expected to be available by early 2024.
House Docket HD2610 could be formally introduced soon. This Docket establishes a special commission to determine the viability of a statewide LTC program.
We will continue to keep you updated on any updates. If you have clients who live in these states (CA, CT, MN, NY, PA, WA), they will need a solution for long-term care. Please contact us, as we welcome the opportunity to be a resource.