Two members of the NAIFA Lifetime Healthcare Center Legislative Working Group, Steve Cain (NAIFA-California) and Steve Schoonveld (NAIFA-Massachusetts), participated in a general session panel at the NCOIL Summer Meeting on trends and innovations in the long-term care insurance marketplace. They were joined by representatives from the American Council of Life Insurers (ACLI) and WA Cares for a dynamic discussion before insurance legislators and regulators from all over the country. The panel emphasized the urgency of planning ahead and highlighted the need for both public and private solutions. Programs like WA Cares offer a foundation, but private LTC insurance remains vital for greater choice and flexibility. With 70% of Americans likely to need LTC, early education, planning, and policy innovation are essential to reduce the financial and emotional burden on families and ensure aging with dignity.
