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Providers, financial advisers back special commission to study long‑term care financing options
Summary
Nonprofit providers, insurance advisers and actuaries urged passage of H.792/S.476 to create a special commission to evaluate statewide long‑term services and supports financing, citing lessons from other states and the Milliman actuarial study.
Representatives of provider associations, financial advisers and actuaries urged the Joint Committee on Elder Affairs to report H.792 and S.476 favorably, a bill to establish a special commission to study and develop options for a statewide long‑term services and supports (LTSS) benefits program.
Speakers from the National Association of Insurance and Financial Advisors (NAIFA) Massachusetts, LeadingAge Massachusetts and independent actuaries said Massachusetts needs a structured, stakeholder‑driven process to evaluate public and public‑private financing models for long‑term care. “We applaud…
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