Florida lawmakers have ferried a long-term care insurance (LTC) study bill through the legislature in H.B. 5001, the state’s budget bill.
Section 224 of the bill, based on H.B. 1055 and S. 1756, will establish a technical advisory group by Aug. 1.
The advisory group is supposed to look at methods a life insurance policy insured, a life insurance contract holder, or an annuity holder could use to convert policy, contract or annuity into a long-term care benefit, according to the bill text.
The group is supposed to submit a report and proposed legislation by Jan. 15, 2013.