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Florida Legislature Approves Critical Senior Protection Measure

Contact

Sarah Bascom, [email protected], 850.294.6636

Lyndsey Brzozowski, [email protected], 850.524.5006

Florida Legislature Approves Critical Senior Protection Measure

Passage of House Bill 673 Celebrated by Protect Florida Seniors Now Effort

Tallahassee, Fla. – Protect Florida Seniors Now, an education and advocacy effort led by the Florida Association of Health Plans, Inc. (FAHP), today celebrated the passage of House Bill 673, a critical senior protection measure.  HB 673 was sponsored by Representative Jason Fischer (R-Jacksonville) and its companion in the Florida Senate, Senate Bill 626, was sponsored by Senator Jeff Brandes (R-St. Petersburg) and co-sponsored by Senator Doug Broxson (R-Pensacola).  HB 673 will now go to Governor Ron DeSantis for consideration.

Florida is home to the highest population percentage of seniors in the nation, and HB 673 addresses instability in the long-term care insurance market by enacting necessary changes to the guaranty fund safety-net system to prevent double-digit rate increases and ensure continued access to the benefits of long-term care insurance products.

“Today, we celebrate the passage of a critical senior protection measure that addresses the instability in the long-term care insurance market, so the many seniors who call Florida home will not experience dramatic rate increases and will continue to have access to the benefits of their long-term care insurance,” said Audrey Brown, president & CEO of FAHP.  “This important measure accomplishes this by equitably splitting the participation in the safety-net funding between life and health insurers; thus, increasing the ability to cover aging services in the event a long-term care insurer becomes insolvent, while also shielding the state from financial liability.”

“Today’s unanimous vote reflects Senators Brandes and Broxson, and Representative Fischer’s steadfast commitment to gaining wide support of this measure and we thank them for championing this good public policy,” said Brown.  “We’re also proud to have had the opportunity to work closely with our industry partners and regulators to ensure Florida seniors are protected.”

“We are grateful that this legislation is on its way to the Governor DeSantis for his signature, and seeing this measure become law,” concluded Brown. 

Protect Florida Seniors Now aims to educate Floridians on the importance of enacting long-term care legislation that is specific to Florida, but consistent with the national settlement agreement and the National Association of Insurance Commissioners model act.  To learn more, visit ProtectFloridaSeniorsNow.com.

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Protect Florida Seniors Now Hails Passage of Critical Senior Protection Measure 

Contact

Sarah Bascom, [email protected], 850.294.6636

Lyndsey Brzozowski, [email protected], 850.524.5006

Protect Florida Seniors Now Hails Passage of Critical Senior Protection Measure

House Bill 673 Now Available to be Taken Up by Florida Senate

Tallahassee, Fla. – Protect Florida Seniors Now, an education and advocacy effort led by the Florida Association of Health Plans, Inc. (FAHP), today hailed the passage of House Bill 673, by Representative Jason Fischer (R-Jacksonville), by the Florida House of Representatives.  HB 673 will now go to the Florida Senate for consideration and final passage.

Florida is home to the highest population percentage of seniors in the nation, and HB 673 addresses instability in the long-term care insurance market by enacting necessary changes to the guaranty fund safety-net system to prevent double-digit rate increases and ensure continued access to the benefits of long-term care insurance products.

“We are grateful to the Florida House of Representatives, which unanimously passed HB 673 today with bipartisan support,” said Audrey Brown, president & CEO of FAHP.  “With over 30 percent of the nation’s long-term care policyholders living in Florida, it is critical that Florida policymakers act this session on broadening the safety net to protect Florida seniors from the potential of sky-high premiums, as well as prevent the State of Florida from financial liability in the event of an insolvency.”

Currently, life insurance companies write long-term care insurance as stand-alone policies or a rider on life insurance policies; however, while health insurance companies face potential assessments in situations of insolvency, life insurance companies do not.

“FAHP is proud to have come together with our industry partners and stakeholders to address this issue and equitably split the participation in the safety-net funding between life insurance companies, as well as health insurance companies, to increase the capacity to pay for elder care services in the event of a long-term care insurer insolvency; thereby, protecting Florida seniors,” continued Brown. 

“We thank Representative Fischer for his leadership and look forward to the Florida Senate considering this legislation.  Passage of this meaningful reform is imperative for thousands of seniors who call Florida home,” concluded Brown. 

Protect Florida Seniors Now aims to educate Floridians on the importance of enacting long-term care legislation that is specific to Florida, but consistent with the national settlement agreement and the National Association of Insurance Commissioners model act.  To learn more, visit ProtectFloridaSeniorsNow.com.

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Senior Protection Measure Passes Florida Senate Appropriations Committee

Contact

Sarah Bascom, [email protected], 850.294.6636

Lyndsey Brzozowski, [email protected]omll.com, 850.524.5006

Senior Protection Measure Passes Florida Senate Appropriations Committee

SB 626 Supported by FAHP’s Protect Florida Seniors Now Effort Ready for Consideration by Florida Senate

Tallahassee, Fla. – Protect Florida Seniors Now, an education and advocacy effort led by the Florida Association of Health Plans, Inc. (FAHP), today released the following statement from FAHP President and CEO Audrey Brown regarding Senate Bill 626, sponsored by State Senator Jeff Brandes (R-St. Petersburg) and co-sponsored by State Senator Doug Broxson (R-Pensacola), that was passed today by the Florida Senate Appropriations Committee.

“We thank Senators Brandes and Broxson for sponsoring this legislation, as well as members of the Florida Senate Appropriations Committee for approving SB 626 today in its final committee stop before it is considered by the full Florida Senate.

“SB 626 addresses the significant uncertainties in the long-term care insurance market by expanding the guaranty fund safety net, brings both life and health insurers into the assessment base and equitably splits the liability 50-50 while holding the state harmless.

“This critical legislation ensures that Florida seniors are protected if their long-term care insurer fails, so that they receive the benefits of the policy they purchased.    

“We look forward to this being considered by the full Florida Senate and urge lawmakers to adopt this good public policy during the 2019 Session.”

Protect Florida Seniors Now aims to educate Floridians on the importance of enacting long-term care legislation that is specific to Florida, but consistent with the national settlement agreement and the National Association of Insurance Commissioners model act.  To learn more, visit ProtectFloridaSeniorsNow.com.

Protect Florida Seniors Now Applauds Representative Fischer, Members of House Ways & Means Committee for Passage of HB 673

Contact

Sarah Bascom, [email protected], 850.294.6636

Lyndsey Brzozowski, [email protected], 850.524.5006

Protect Florida Seniors Now Applauds Representative Fischer, Members of House Ways & Means Committee for Passage of HB 673

Tallahassee, Fla. – Protect Florida Seniors Now, an education and advocacy effort led by the Florida Association of Health Plans, Inc. (FAHP), today released the following statement from FAHP President and CEO Audrey Brown regarding House Bill 673 by State Representative Jason Fischer (R-Jacksonville) that was passed by the Florida House Ways & Means Committee.

“We applaud Representative Fischer and the members of the House Ways & Means Committee today for advancing HB 673, a measure we believe is critical to the protection of seniors in the State of Florida.

“Utilizing the national model act as guidance, this legislation ensures a more equitable distribution of the financial burden across industries by broadening the assessment base to include both life and health insurers that would cover any future insolvencies within the long-term care insurance market. 

“With the significant senior population in Florida, we believe lawmakers are rightfully acting and moving forward to protect our seniors during the 2019 Legislative Session in order to bring stability to the marketplace.”

Protect Florida Seniors Now aims to educate Floridians on the importance of enacting long-term care legislation that is specific to Florida, but consistent with the national settlement agreement and the National Association of Insurance Commissioners model act.  To learn more, visit ProtectFloridaSeniorsNow.com.

Audrey Brown: “FAHP Thanks Senator Brandes, Committee Members for Advancing Critical Senior Protection Measure Today”

Contact

Sarah Bascom, [email protected], 850.294.6636

Lyndsey Brzozowski, [email protected], 850.524.5006

Audrey Brown: “FAHP Thanks Senator Brandes, Committee Members for Advancing Critical Senior Protection Measure Today”

Tallahassee, Fla. – Protect Florida Seniors Now, an education and advocacy effort led by the Florida Association of Health Plans, Inc. (FAHP), today released the following statement from FAHP President and CEO Audrey Brown regarding Senate Bill 626 by State Senator Jeff Brandes (R-St. Petersburg) that was passed today by the Florida Senate Appropriations Subcommittee on Agriculture, Environment, and General Government.

“We thank Senator Jeff Brandes and members of the Florida Senate Appropriations Subcommittee on Agriculture, Environment, and General Government for approving this good public policy proposal today.

“SB 626 is a prudent legislative fix to address uncertainties in the long term care insurance market.  The bill expands the guaranty fund safety net in order to protect Florida seniors by preserving their access to the benefits of the long-term care insurance policies they currently may hold, as well as hold the state harmless in the event of future insolvencies.

“We look forward to continuing to engage on this critical senior protection issue during the 2019 session, as it continues to advance.”

Protect Florida Seniors Now aims to educate Floridians on the importance of enacting long-term care legislation that is specific to Florida, but consistent with the national settlement agreement and the National Association of Insurance Commissioners model act.  To learn more, visit ProtectFloridaSeniorsNow.com.