Assembly Bill (AB) 332, a measure authored by Assemblyman Ian Calderon (D-Whittier), which would create the Long-Term Care Insurance Task Force and find sustainable options for long-term care insurance, passed the California Assembly Aging and Long-Term Care Committee with bipartisan support.
“Every day, more than 10,000 Americans are turning 65,” Calderon said.
“In California, the number of citizens 65 or older is projected to increase to almost 9 million by 2030, or about 18 percent of the expected population.”
Currently, California does not have a sustainable option for seniors and people with cognitive or physical disabilities to obtain the affordable long-term care services they need, he added, and without alternatives for people to obtain long-term care, the aging middle class must decide whether to spend down their assets in order to qualify for Medi-Cal and safety net services or exhaust their personal assets paying for private care services.
The recommendations of the Long-Term Care Insurance Task Force would focus on addressing the needs of a growing senior population through long-term care insurance and topics such as a statewide insurance design for eligibility, enrollment, benefits, financing, administration and interaction with Medi-Cal, and possible coordination of benefits with existing private health care coverage.