Public Hearing: Minnesota Department of Commerce - Long-Term Care - Rate Increases and Policyholder Protections

In late August, 2015, the Minnesota Department of Commerce convened a hearing to assist the Department’s fact-finding effort on long-term care insurance industry issues. The hearing provided consumers, insurance companies, and other interested parties the opportunity to share statements or testimony about the state of the long-term care insurance industry including issues related to rate increase requests, claims handling, policyholder protections, and ideas for guidelines on regulatory matters for long-term care insurance. 

United Policyholders joined with California Healthcare Advocates in filing comments on the impact that rate increases are having on LTC policyholders and what this means for the viability of LTC insurance as an economic safety net.  Read our joint comments here: Statements of California Health Advocates and United Policyholders.

About The Blogger

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. While practicing insurance regulatory law and representing clients in litigation matters, she co-founded United Policyholders in 1991. Bach migrated from the private practice of law in 2005 to become the organization's full-time Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally-recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous legal and consumer publications including "The Disaster Recovery Handbook," "WISE UP: The Savvy Consumer's Guide to Buying Insurance," and tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach has served as an official consumer representative to the National Association of Insurance Commissioners since 2009 and is in her second term as an appointed member of the Federal Advisory Committee on Insurance. She also currently serves on the American Bar Association’s Standing Committee on Disaster Preparedness and Response.