Instead of proceeding with the study, the GIC has instead adopted a wait and see approach. For now, the GIC will be monitoring newly implemented LTC insurance programs, such as those promoted by the federal government and the state of New Jersey.

"I understand why the GIC took the action it did," comments Insurance Coordinator Cheryl Stillman. "To simply push ahead at this time would be premature and possibly hurt any chances for a program in the foreseeable future."

"Besides a report on LTC insurance, by a legislative committee (Senate Post Audit & Oversight), only reinforces our concerns over potential pitfalls for our members purchasing this insurance." According to the Post Audit Committee's report, Mass. consumers, who purchase LTC insurance, are not adequately protected.

As reported above, one of the programs, which the GIC has been monitoring, is the new Federal LTC Program (see May Voice). Federal/military retirees and employees have until year's end to enroll in this program.

Recently the Federal LTC completed an early enrollment period. According to officials, approximately 16,460 retirees/employees enrolled early in the program.