In 1995, in an effort to provide more information about the long-term care insurance market, the Division released "A Report on Long-Term Care Insurance: The Results of a 1994 Survey" ("1994 Survey"). To further assess changes in the marketplace, the Division issued a follow-up survey in February 1997 for the period January 1994 thru December 1996. Information obtained through these survey reports was used by the Task Force on the Financing of Long-Term Care established by then - Governor William Weld and then-Attorney General Scott Harshbarger in developing the Division's long-term care insurance regulation in 1999.

After the revised regulations had been in effect for over two years and as a follow-up to the 1994 and 1996 survey reports, the Division issued a new long-term care insurance survey in January 2002 to collect information for the period between January 1997 and December 2001. The survey collected information about the Massachusetts market before and after the long-term care insurance regulatory changes that became effective January 1, 2000. This report summarizes the results of the survey.

As with the 1994 and 1996 survey, the 2001 survey was designed to distinguish between the experience of individual policies and those policies marketed through employers, unions, group associations, and group trusts. Under M.G.L. c. 175 §108, the Division has the authority to review individual long-term care insurance policies and approves them for offer in Massachusetts if they meet the standards of 211 CMR 65.00 - Massachusetts's long-term care insurance regulation. There is no current statutory authority to review or approve group long-term care insurance plans.

Survey Results