​​​​Long-Term Services and Supports Feasibility Study​​

On December 15, 2022, the California Department of Insurance (CDI) Long Term Care Insurance (LTCI) Task Force approved a Feasibility Report on a Long-Term Care Insurance program, prepared by Oliver Wyman. A subsequent actuarial report will be completed in 2023. This effort is authorized by Assembly Bill 567 (Calderon, Chapter 746, Statutes of 2019). The December 2022 report is posted on the CDI website [Long Term Care Insurance Task Force].​

The Budget Act of 2019, Assembly Bill 74 (Chapter 23, Statutes of 2019), Item 4260-101-0001, authorized funding for the Department of Health Care Services (DHCS) to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing and services options. DHCS selected Milliman, a national actuarial firm, to prepare this study. From November 2019 through January 2020, Milliman consulted with the state and a number of stakeholders in California, to gather information, priorities, and feedback for this study. The final report provides background, stakeholder findings, a list of policy options and fiscal estimates, and actuarial analysis of the policy options. The interim report was prepared and distributed in June 2020.