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1998 SESSION
WHEREAS, the population of the Commonwealth is rapidly aging; and
WHEREAS, Virginians over the age of 85 are the fastest-growing segment of the State's population; and
WHEREAS, the demand for long-term services is expected to increase rapidly; and
WHEREAS, the Medicaid program finances approximately 70 percent of the nursing home care provided in the Commonwealth; and
WHEREAS, long-term care insurance offers a means of encouraging family and individual responsibility for long-term care insurance programs; and
WHEREAS, the Virginia Retirement System currently administers a group life and optional group life program for state and local employees; and
WHEREAS, the Joint Commission on Health Care's Long-Term Care Subcommittee is currently studying long-term care financing issues, including long-term care insurance; now, therefore, be it
RESOLVED by the Senate of Virginia, the House of Delegates concurring, That the Virginia Retirement System (VRS) be requested to report to the Joint Commission on Health Care regarding the feasibility of offering long-term care insurance for state and local employees and VRS retirees. VRS should consider the feasibility of offering long-term care insurance as a stand-alone product or as a rider to the existing group life or optional group life programs.
The VRS shall report its findings to the Joint Commission by October 1, 1998.
The Joint Commission shall consider the VRS's report, the ongoing deliberations of the Commission on the Management of the Commonwealth's Workforce, and other information as may seem appropriate in formulating recommendations to the 1999 Session of the General Assembly.
All agencies of the Commonwealth shall provide assistance to the Joint Commission and its staff, upon request.
The Joint Commission shall submit its findings and recommendations to the Governor and the 1999 Session of the General Assembly as provided in the procedures of the Division of Legislative Automated Systems for the processing of legislative documents.