An Update on State LTC Mandates

Jack Nachtrab Life Insurance Consultant

Last summer, we saw a number of states start the process to implement state mandated LTC similar to what Washington did. As we sit in July 2024, here are some updates on a few states and the possible implications of new bills and legislation being introduced.

California: Has had an LTC Task Force established since 2019, sent the findings and actuarial reports to the governor and state legislation in January 2024. There will likely be more updates/movement moving into 2025.

Connecticut: A bill from February 2024 is awaiting a hearing in the state senate, which will start the process of looking into LTC mandates

Hawaii: House and Senate passed a bill in May 2024 requiring the state to create a comprehensive LTC plan for Hawaiians. The bill is currently pending the governor’s signature.

Kentucky: Passed a resolution in February 2024 to create a task force with the intention of implementing a state LTC program.

Massachusetts: Allocated funds to conduct a study for the viability of a state LTC program in August 2023. More updates expected possibly as early as Fall 2024.

Minnesota: Has had an LTC task force since 2023, thoughts of introducing an amendment to the state constitution have been brought up in sessions.

New York: A bill regarding state LTC bill was just re-introduced in the state assembly in May 2024.

Other states are looking into LTC mandates informally as well, and this will continue to be a conversation among lawmakers. Clients should be pro-actively looking for LTC solutions to avoid the rush and processing delays once some states formally pass legislation.

Give us a call and we’ll help make sure your clients in these states are taken care of when it comes to LTC.

Recent Posts

Financial Planning with Life Insurance for Families with Young Children

Jody HoretskiLife Insurance Consultant For families with young children, life insurance is a cornerstone of financial planning. Insurance agents play a critical role in helping parents protect income, preserve household stability, and ensure their children’s financial...

Lean on Wholehan Marketing for a Great 2026!

Chris Wholehan, PresidentWholehan Marketing As we begin the new year, Wholehan Marketing renews our commitment to help you stay informed and up-to-date on all of the changes in and around our industry.  Interest rates continue to fluctuate, which affect the rates...

Why Stability Matters More Than Ever in 2026

Jacob Noble - Annuity Sales Consultant As 2026 approaches, both the life insurance and annuity markets are being shaped by a growing desire for stability. After years of market swings, political tension, shifting interest rate expectations, and ongoing economic...

A New LTC Provision – Coming 2026

Jack NachtrabLife Insurance Consultant Effective January 1, 2026, clients will be able to take money out of qualified retirement plans prior to age 59 ½ and use that distribution to pay for LTC premiums – without incurring a 10% penalty. A few notes: Withdrawals are...

LTC Awareness Month: Empowering Agents to Lead the Conversation

Jody Horetski Life Insurance Consultant Long-Term Care (LTC) Awareness Month, observed every November, provides FMOs and life insurance agents with a unique opportunity to engage clients in meaningful planning conversations. As long-term care needs continue to grow...