NAIFA is encouraging the efforts of Indiana state Sen. Greg Walker and Rep. Martin Carbaugh to replace the Indiana Long Term Care Insurance Program, also known as the RWJ Partnership, with legislation (HB 1405 and SB 261) to create a Deficit Reduction Act (DRA) Partnership.

While the RWJ Partnership served a meaningful purpose in incentivizing consumers to take personal responsibility for long-term care risks, it suffers from inflexible policy and special filing requirements, as well as burdensome inflation-protection requirements, that have resulted in many insurers dropping out of the program.

DRA Partnership programs in 42 other states are thriving, as they allow companies to offer a wider range of products and simplify the filing process. Diane Boyle, NAIFA’s Senior Vice President for Government Affairs, and Carroll Golden, the Executive Director of NAIFA’s Limited and Extended Care Planning Center, sent a letter to members of the Indiana General Assembly urging them to support bills that would modernize the state’s long-term care partnership program.