Arthur Rudnick
Guru
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New York state may promote LTCI awareness
BY ALLISON BELL
JULY 14, 2014 •
New York state lawmakers have given their blessing to two efforts to help residents deal with chronic health problems and terminal illness.
One would let the state health department work with the state aging office and the state tax department to conduct a public awareness program on the availability of long-term care insurance (LTCI) plans.
The other would let life insurers make use of hospice services or other end-of-life care services a trigger for access to accelerated life insurance death benefits. New York already lets life insurers make use of nursing home services a trigger for accelerated death benefits.
New York state Sen. Jeffrey Klein, D-Bronx, N.Y., put the LTCI awareness provision and the accelerated death benefit provision in the Senate bill 6672.
The state Senate and the state Assembly have both approved the bill. The state Senate is preparing to send the bill to Gov. Andrew Cuomo.
BY ALLISON BELL
JULY 14, 2014 •
New York state lawmakers have given their blessing to two efforts to help residents deal with chronic health problems and terminal illness.
One would let the state health department work with the state aging office and the state tax department to conduct a public awareness program on the availability of long-term care insurance (LTCI) plans.
The other would let life insurers make use of hospice services or other end-of-life care services a trigger for access to accelerated life insurance death benefits. New York already lets life insurers make use of nursing home services a trigger for accelerated death benefits.
New York state Sen. Jeffrey Klein, D-Bronx, N.Y., put the LTCI awareness provision and the accelerated death benefit provision in the Senate bill 6672.
The state Senate and the state Assembly have both approved the bill. The state Senate is preparing to send the bill to Gov. Andrew Cuomo.
