Long-Term Care Insurance:
Actions Needed to Reduce Risks to Consumers
T-HRD-92-44: Published: Jun 23, 1992. Publicly Released: Jun 23, 1992.
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GAO discussed its recent studies of long-term care insurance. GAO noted that: (1) many consumers are vulnerable to considerable risks in purchasing long-term care insurance because states have not adopted optional standards drafted by a national insurance industry association; (2) insurance companies have adopted the standards more quickly than states, but most policies reviewed did not meet the standards, particularly regarding disclosure and inflation; (3) the standards do not sufficiently address such features of long-term care insurance as policy terminology, definitions, and eligibility criteria; (4) consumers face considerable financial risks from insurance companies' periodic adjustments of prices, which can result in price increases that make it difficult for consumers to retain their policies; (5) without certain standards, consumers are limited in their policy upgrade options; and (6) insurance companies do little to prevent the sale of long-term care insurance to consumers that can not afford it.
Jan 19, 2021
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Nov 23, 2020
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Consumer Privacy:
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Nov 19, 2020
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Consumer Product Safety Commission:
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Oct 30, 2020
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Oct 13, 2020
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Aviation Consumer Protection:
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Oct 1, 2020
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Small Business Administration:
COVID-19 Loans Lack Controls and Are Susceptible to FraudGAO-21-117T: Published: Oct 1, 2020. Publicly Released: Oct 1, 2020.
Sep 30, 2020
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Small Business Research Programs:
Many Agencies' Award Issuances Are Not Timely; Some Practices May Improve TimelinessGAO-20-693: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 28, 2020
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Jul 30, 2020
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Small Business Contracting:
Better Documentation and Reporting Needed on Procurement Center RepresentativesGAO-20-462: Published: Jun 30, 2020. Publicly Released: Jul 30, 2020.
Jun 29, 2020
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Small Business Subcontracting:
Oversight of Contractor Compliance with Subcontracting Plans Needs ImprovementGAO-20-464: Published: May 28, 2020. Publicly Released: Jun 29, 2020.
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