Genworth Financial hosted a long-term care (LTC) symposium in Washington, DC on May 7. The symposium focused specifically on the issues surrounding financing long-term care. Also discussed were education, access, caregiver support and other issues.

The symposium on May 7 followed an April 7 conference, also in Washington, hosted by Rep. Tom Suozzi (D-NY). Rep. Suozzi is the principal author of a bipartisan long-term care bill, the WISH Act, H.R.2082, a bill that would create a public-private partnership to make long-term care more accessible and affordable. Rep. Suozzi spoke at the Genworth symposium, emphasizing the need to address the growing problem of affordable long-term care for what is projected to be some 70 million aging baby boomers.

On March 12, Rep. Tom Suozzi (D-NY), a member of the tax-writing House Ways & Means Committee, introduced a bipartisan bill, the WISH Act, that would create a public-private partnership to address the affordability of long-term care. The bill was cosponsored by Rep. John Moolenaar (R-MI).

A New York Congressman, Rep. Tom Suozzi (D-NY), is planning a long-term care conference for this spring. He wants wide participation to create and enact legislation to address the long-term care needs of the U.S. population.

NAIFA’s Policy Director Roger Moore attended NAIC’s Spring National Meeting on March 15-18, where he had the opportunity to strengthen NAIFA’s relationships with state regulators and industry trade partners, as well as advocate for key priorities affecting NAIFA’s members.

Rep. Adrian Smith (R-NE) has introduced bipartisan legislation that would allow use of health savings account (HSA) funds to pay for in-home long-term care. The bill has 11 bipartisan cosponsors.