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Committee advances bill to modernize Indiana long-term care partnership rules to reduce premiums and expand product participation
Summary
House Bill 1595 would update the state’s Long-Term Care Partnership program to align with federal Deficit Reduction Act options, lower required inflation protection and reduce design burdens that insurers say discourage participation. Committee passed the bill unanimously.
The Health and Provider Services Committee advanced House Bill 1595, a measure intended to modernize Indiana’s Long-Term Care Partnership program so that more affordable long-term care insurance options are available to Hoosiers.
Representative Carball introduced the bill and described it as an effort to update an out-of-date Partnership design and to adopt elements of the federal Deficit Reduction Act (DRA) approach. "We' re making another run at it ... so we can adopt some of those DRA changes into our program," Representative Carball said, explaining that design requirements that once made the program attractive have…
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