Florida insurance regulators say they want to create a standard package of long term care insurance benefits.
The state Office of Insurance Regulation has included passage of a bill that would include a standard LTC benefit policy on its list of 2006 legislative priorities.
“Currently, insurers offer many different features and policy structures for long term care coverage that often make it difficult for applicants to shop and compare prices,” officials write in a description of the proposed bill.
Creating a standard LTC benefits package should help applicants shop for coverage, officials say.