#26 – The Long-Term Care Insurance Issue in The News

The Connecticut Legislature opened the 2025 session on January 8^th. Since then, there has been a flurry of activity regarding the Long-Term Care Insurance Crisis, with twelve (12) proposed bills introduced to date, into the various committees for consideration.

In the coming weeks I will report out on some of those bills, with the hope that we can put enough pressure on the appropriate committee members and legislators, to hold public hearings on the issue and move them on for a full legislative vote.

In addition, investigative reporter Jenna Carlesso, and the team at the CT Mirror have published two articles in the past few days, as part of their “Priced Out” series. “Priced Out” is an investigation into the long-term care insurance industry and the challenges of paying for elder care in Connecticut.”

The first article, published on January 26^th, titled, CT long-term care insurance costs are skyrocketing, strangling consumers, sheds light on the financial crisis being imposed on the elderly policyholder community. The article also shows that while our regulators and legislators all appear to agree this is a terrible problem, little action has been taken to end it.

You can read the complete article here.

On January 27^th, the second article titled, Genworth ties executive pay to rate increases for long-term care insurance, was released, and does an excellent job of showing why the Long-Term Care Insurance industry has no interest in finding a solution for their policyholders.

The American author and political activist Upton Sinclair once said, "It is difficult to get a man to understand something when his salary depends upon him NOT understanding it." Truer words could not be said about those with the ability to do something about the Long-Term Care Insurance rate increase crisis.

You can read the Genworth article here.

In the spirit of full disclosure, my colleague, Kenneth Kollmeyer and I met with Jenna over the summer and provided background information for both of these articles.

I would be interested to hear your thoughts on these articles. In addition, if you live in Connecticut and have a Long-Term Care Insurance policy, or have a friend or relative that is struggling to afford their Long-Term Care Insurance premiums, I would add your name to our growing list of people impacted by this crisis. The more names we gather, the more powerful our voice will be at the State Capital. You can write to me with information or questions atltcicrisis@gmail.com.

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I have also written a comprehensive white paper that explains in greater detail, what is discussed here. If you would like a free pdf copy, write to me at: ltcicrisis@gmail.com.

If you are a LTCI policyholder, I would love to hear from you. Especially if you live in CT. I am compiling a list of people who live in CT or who have a LTCI policy that is subject to CT price increases. I would love to add your name to our growing list. Write to me at ltcicrisis@gmail.com, and join the fight to stop the injustice of these Long-Term Care Insurance premium increases.