More states are implementing consumer protections for long-term care insurance policies

Share this article:

States increasingly are implementing regulations designed to help resolve consumer tussles with long-term care insurance companies, according to news reports.

Oregon, Alabama and Kansas are the most recent states to enact new processes by which consumers can turn to when LTC insurers deny or fail to pay claims within 30 days, Kaiser Health News reported.

Last year, for example, Oregon's Insurance Division set up a new appeals process for consumers to appeal an insurer's denial. Previously, policyholders had to go to court in order to appeal a decision. The National Association of Insurance Commissioners has developed model legislation to help other states adopt similar policies and procedures, according to Kaiser.

In the last year, several high-profile insurers have left the LTC insurance sector, or limited the types of policies they offer. Analysts on Wall Street also have predicted the demise of LTC policies in the near future.

 

Share this article:

More in News

Facilities on high alert for Ebola in Ohio; authorities issue guidance

Facilities on high alert for Ebola in Ohio; ...

Federal and state organizations have released new Ebola guidance for healthcare workers in long-term care and other settings, following the second case of a nurse acquiring the virus in the ...

Nonprofit senior living margins increased by 50%, survey finds

Average operating margins increased dramatically in the last year for nonprofit senior living companies, according to a recent survey of C-suite executives.

Nursing home psychiatrist in federal custody on 52 counts of fraud, including ...

Authorities have arrested a nursing home psychiatrist and charged him with 52 counts of healthcare fraud, the U.S. Attorney for the Northern District of Texas announced Thursday.