About the Session:
Cong. Tom Suozzi introduced the WISH Act [Well-Being Insurance for Seniors to be at Home Act] originally in 2021. The WISH Act (HR 2082) has been re-introduced in 2025 and is now a bipartisan proposal. A successful round of Hill visits in support of the WISH Act has just taken place. The bill proposes a catastrophic backstop for long term care expenses.
The WISH Act has generated growing interest as a potential approach to addressing long-term care financing needs. Are the goals of designing a plan that reduces the burden on Medicaid, keeps families from impoverishment, and enhances the private LTC insurance market feasible or "WISHfull" thinking?
Our speakers highlight key features of the WISH Act and share their actuarial analysis and cost estimates of the WISH Act. They present alternatives and discuss possible implications for the LTC insurance landscape.
About the Speakers:
Eddie Armentrout, ASA is a consulting actuary with Actuarial Research Corporation. He has extensive experience modeling long-term care insurance (LTC) programs and analyzing Medicare payment systems.
Gabe Alboukrek, FSA is a Senior Manager with the actuarial practice at Oliver Wyman. He has over 10 years of consulting experience and specializes in LTC insurance and public program modeling.
Steve Schooonveld FSA, MAAA, CLTC is a consultant and owner of GCG Consultants. An actuarial consulting and financial advisory firm providing consulting services and assisting individuals and groups with long-term care insurance products.
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