CHA Comments on Work Streams
Summary
Dated July 27, 2020, this document from California Health Advocates provides comments to the NAIC Workstream #3 on Long-Term Care Insurance (LTCI) rate increases. The letter highlights issues related to reduced benefit options offered during premium increases, emphasizing the need for clear, concise information for policyholders. It discusses the variety of options insurers provide, often leading to confusion among policyholders. The document calls for standardized forms and instructions to ensure transparency and fairness.
