A New York Times article alleging abuses in the long term care insurance market has led to another official investigation.
The Health, Long-Term Care & Health Retirement Issues Committee of the National Conference of Insurance Legislators, Troy, N.Y., has opened a probe into whether current LTC insurance regulations adequately protect consumers.
In May, the House Committee on Energy and Commerce, headed by Rep. John Dingell, D-Mich., announced an investigation of industry claims-handling practices following a March 29 article in the New York Times alleging that many legitimate LTC claims have been denied or seriously delayed by carriers.
The NCOIL inquiry was spurred by the same article, according to committee members.
A recent panel discussion at the NCOIL’s summer meeting in Seattle, headed by committee chair Rep. Susan Westrom, D-Ky., looked into alleged abuses in the LTC insurance market and potential new consumer protections.