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March 25, 2013 at 10:17 AM
Washington state lawmakers have been moving quickly to consider bills that could set new, tougher standards for payment of long-term care insurance (LTCI) claims.
Lawmakers are changing the state’s LTCI prompt-pay statute to reflect changes in a model law developed by the National Association of Insurance Commissioners (NAIC).
Members of the state Senate recently voted 49-0 to pass one LTCI prompt-pay bill, S.B. 5216. The House Health Care & Wellness Committee expects to consider the bill in an executive session this week.
Members of the state House passed a companion bill, H.B. 1441, with a 98-0 vote. The Senate Health Care Committee held a hearing on that bill March 18.
Both bills would cut the time an LTCI insurer has to pay a clean claim to 30 days, from 60 days.
