Key Takeaways
- Oregon requires standard policy provisions for disability income insurance
- Long-term care policies must be guaranteed renewable
- LTC policies must offer inflation protection options
- Oregon participates in the Long-Term Care Partnership Program
- ORS 743.414 addresses incontestability for health policies
Last updated: January 2026
Oregon Disability and Long-Term Care Insurance
Oregon has specific regulations for disability income insurance and long-term care insurance under ORS Chapter 743.
Disability Income Insurance
Required Policy Provisions
Oregon disability policies must include:
| Provision | Requirement |
|---|---|
| Grace Period | Minimum 31 days for annual premium |
| Reinstatement | Must allow reinstatement within specified period |
| Notice of Claim | 20 days after loss begins |
| Time to Pay Claims | Reasonable time after proof of loss |
| Legal Actions | Timing restrictions for lawsuits |
Health Policy Incontestability (ORS 743.414)
Oregon addresses time limits on certain defenses for health policies:
- Incontestability provisions apply
- Protects policyholders after specified period
- Similar to life insurance incontestability
Long-Term Care Insurance
Oregon has comprehensive LTC insurance regulations:
Required Provisions
| Provision | Requirement |
|---|---|
| Renewability | Must be guaranteed renewable |
| Pre-existing Conditions | Maximum 6-month look-back period |
| Elimination Period | Must be clearly disclosed |
| Inflation Protection | Must offer option |
| Nonforfeiture | Must offer option |
Oregon Partnership Program
Oregon participates in the Long-Term Care Partnership Program:
- Purchase a Partnership-qualified LTC policy
- Use benefits for care
- If benefits exhaust, apply for Medicaid
- Asset protection - Keep assets equal to benefits received
Test Your Knowledge
What is the primary benefit of purchasing an Oregon Partnership-qualified long-term care policy?
A
B
C
D