Public long term care insurance program debate to start in Hawaii

Hawaii long term care insurance industry

The state is about to begin a discussion about starting the first universal coverage program in the country. Hawaii is about to enter into a debate that will discuss whether or not the state should launch the first public long term care insurance program to exist in the country; a move that will likely have the nation’s insurance industry watching very closely. This LTC insurance program would be the first time coverage of this nature was offered by a state. The benefit for people covered by a universal long term…

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Long term care insurance to take some pressure from Medicaid and Medicare

Long Term Care insurance Costs

These expenses could start to threaten these healthcare programs if the coverage doesn’t take off. The latest reports about the number of people who are purchasing long term care insurance are revealing that if this trend continues, it could end up leading to a considerable amount of strain on the Medicaid and Medicare programs than they have faced in the past. Many parts of the country see expenses greater than $100,000 per person for these services. As this level of cost can rapidly deplete a family’s finances, it can rapidly…

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Government Study Examines Long-Term Care Insurance Rate Increases – Only 1.6% Drop Coverage; 23% Actually Pay Less

PRESS RELEASE: A report released on August 16th by the U.S. Government Accountability Office (GAO) examines the impact of rate increases on long-term care insurance policyholders. Specifically, the report examines the Federal Long-Term Care Insurance Program (FLTCIP), the largest private long-term care insurance program in the nation. “As a voluntary plan consisting of typical employees, this is a most representative group,” states Jesse Slome, executive director of the American Association for Long-Term Care Insurance (, one of those interviewed by GAO staff preparing the study. “Instead of hyperbole, we now…

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