SB7,HD2,CD1 - LTC Insurance for Home Care.doc
THE SENATE
7
HAWAII SILVER LEGISLATURE, 2005
H.D. 2
STATE OF HAWAII
C.D. 1
S.B. NO.
A BILL FOR AN ACT
RELATING TO THE ESTABLISHMENT OF A LONG-TERM CARE INSURANCE
PREMIUM TO PROVIDE HOME CARE SERVICES.
BE IT ENACTED BY THE SILVER LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The Silver Legislature believes that the approach
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to long-term care to help Hawaii's elderly and disabled should be
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prompted by compassion and caring, although the problem is
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inextricably one of economics. Medicaid, Medicare, long-term care
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insurance, and personal assets are insufficient or inaccessible to
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most individuals. Institutional care is viewed by many as too
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costly, too consumptive of scarce public dollars, confining, and
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uncaring.
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National polls have shown that families are willing to pay
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their fair share, even if it means a premium because long-term care
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is a family problem, does not go away, and affects the young and the
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old; families are willing to pay a little now rather than a whole
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lot more later.
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The Silver Legislature believes that a consumer-funded and
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directed social long-term care insurance plan:
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(1)
Assures a floor of income protection upon retirement to meet
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a societal need to see that elders do not live and die in
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poverty.
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(2)
Benefits the majority of the adult population.
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(3)
Bridges the gap between the very poor and those who are able
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to cover the cost of their own long-term care.
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(4)
Provides long-term care benefits for younger adults who may
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require but not qualify for private long-term care insurance.
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