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February 17, 2016 at 08:35 AM
The Maine Bureau of Insurance is asking consumers, insurers and other interested parties to tell it how they think long-term care insurance (LTCI) is working today, and how LTCI might work in the future.
See also: Regulator: Market may need to reinvent LTCI
The bureau plans to start a public forum on LTCI at 10 a.m. May 9 in the Augusta Civic Center, according to a forum announcement.
A list of conversation starter questions includes:
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“What is your personal experience with long-term care insurance?”
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“What is needed to improve LTC insurance consumer protections and claim practices?”
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“What is the future of LTC insurance?”
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Forum organizers are also asking for ideas about what more can be done to encourage consumers to plan for long-term care needs.
The forum could influence LTCI policy discussions outside Maine: Eric Cioppa, the Maine insurance superintendent, is the secretary-treasurer of the National Association of Insurance Commissioners (NAIC), a group for state insurance regulators. The NAIC recently started two LTCI subgroups.
Judi Watters, a consumer outreach specialist, is the forum contact person.
