Federation Of Americans For Consumer Choice

FACC believes that every state should adopt the NAIC Annuity in Transactions Model #275 without deviation from the Model. Regulators Industry and consumer groups worked tirelessly to develop a best interest standard that was workable for insurance professionals administratively feasible for insurance companies and most importantly strong protections for consumers. Every state should adopt a best interest standard that incorporates all of the requirements put forth in the MAIC Model without delay.

Nineteen states including California and New York are considering following Washingtons lead in taxing those who do not own Long-Term Care Insurance. These plans may vary dramatically but they illustrate the importance of planning now to protect assets access quality care and even avoid tax in the decades ahead. FACC advocates for broadening the options available to include private LTC Hybrid LTC policies and LTC riders.