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Life Health > Life Insurance > Term Insurance

Maine schedules public LTCI forum

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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:

    • “What is your personal experience with long-term care insurance?”

    • “What is needed to improve LTC insurance consumer protections and claim practices?”

    • “What is the future of LTC insurance?”

Forum organizers are also asking for ideas about what more can be done to encourage consumers to plan for long-term care needs.

Eric Cioppa

The forum could influence LTCI policy discussions outside Maine: Eric Cioppathe 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.

Participants can submit written comments, give presentations at the forum, or both. Written comments and requests to speak at the forum are due April 15.

See also: 

5 possible cures for what ails LTCI

Regulators to form LTC future tracker

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