The SOA has been interested in financing of longterm care for many years. As part of this interest, they approved a state-based research effort in the chosen location of Minnesota. Join authors of the research as they present their findings . The research effort looked at stakeholder responses in Minnesota to several designs that would create a state-based catastrophic long-term care insurance program. The conceptual work was based on efforts by Cohen, Feder and Favreault using the DYNASIM model created by the Urban Institute. Catastrophic coverage would be provided after a variable waiting period based on income. Private resources, including long-term care insurance, would be expected to cover the front end. (Persons on Medicaid would continue to have their gap coverage provided by that program).
By attending the session, you will be able to:
- Understand the challenges and opinions of stakeholders to this approach and be able to extrapolate interest in other states as well as federal efforts (e.g., the WISH Act).
- Know how stakeholders in one state reacted to efforts in another (Washington State).
TRACK: Safeguarding population(s), Protecting long-term economic progress