The Capital Authority's New Regulations

Following an increase in the number of lawsuits: the Capital Authority publishes new regulations

According to the draft regulations published to the public, the waiting period in the policy and the monthly compensation amount will be reduced by 600 shekels, following the increase in life expectancy and public awareness of insurance claims

Illustration (Credit: Shutterstock)

The Securities Authority has published a draft to the public, containing new regulations that govern the coverage in health insurance funds' long-term care insurance.

The main essence of these regulations is the extension of the waiting period in the policy, which is the time between joining the service and the time beneficiaries receive compensation, from two to six months. Additionally, there will be a decrease in the allowance. If until now the payment to beneficiaries was 6,100 NIS, now the authority announces that the allowance has been reduced to 5,500 NIS.

The increase in claims rates requires changes

The reason for these changes is the increase in the number of claims that health insurance is forced to deal with. This increase is mainly due to the extension of the life expectancy of medical patients and technological developments that positively affect their lives. Additionally, other factors also influence the rates of health insurance claims, such as an increase in the number of approvals for long-term care in national insurance, the activities of companies that handle rights realization, and an increase in public awareness of coverage options.

The purpose of the regulations is to stabilize the insured funds that provide backing for long-term policies. The process is expected to assist in stabilizing the insured funds and enable continued marketing of the policies to the public. Since the stability of long-term care insurance plans in health funds largely relies on accumulated insured funds over time, a significant increase in the number of insurance claims could affect the availability of policies and their ability to provide insurance coverage to the insured.

"Not an easy but necessary move"

The Commissioner for the Capital Market, Insurance and Savings (in practice), Amit Gal, said that "with the extension of life expectancy and scientific developments, our challenge as a society is increasing, to provide an adequate response to populations that find themselves in a nursing condition. The issue of long-term care insurance is a complex issue that has accompanied us for many years, even with intensity that has been increasing in recent years."

According to him, "The Capital Markets Authority acts carefully and responsibly in order to ensure that Israeli citizens continue to have access to group long-term care insurance through the health insurance funds. A certain reduction in the level of coverage is not an easy move on the individual level, but is necessary in order to maintain the public interest in adequate long-term care coverage for old age. We We are committed to continuing to act together with our partners in the government, and in dialogue with the health funds and insurance companies in order to allow the citizens of Israel adequate insurance coverage in case they end up in a nursing situation."


Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Benjamin Netanyahu, Joe Biden

US source: Meeting between Netanyahu and Biden still on

Despite President Biden’s recent withdrawal from the presidential race, an AP source reveals that Prime Minister Netanyahu’s White House visit will proceed as originally scheduled this week.

Avi Nachmani | 04:38

Kamala Harris, US Presidential Elections 2024

Kamala Harris: "I will do everything to defeat Donald Trump" 

US Vice President Kamala Harris could be the first woman ever to be elected President. 

Avi Nachmani | 04:15

Hostage release, ceasefire deal, Israel-Hamas

Proposal: Breakthrough in the dispute over the Hostage Deal

A breakthrough in the Philadelphia Axis issue: Israel, Egypt, and the United States have formulated a proposal to Hamas aimed at resolving the dispute over control of the axis. The IDF conveyed a message to the diplomatic level that they could accommodate such a plan since Hamas lacks the capability to build tunnels.

Eliana Fleming, JFeed Staff | 21.07.24

Yemen airstrike, Israel, Houthis, Drones

Report: This is the death toll in the Israeli attack in Yemen

Just over two days after Israel's attack in Yemen against the Houthi terrorist organization, Sky News in Arabic reveals the number of casualties, injuries, and missing persons.

Eliana Fleming, JFeed Staff | 21.07.24

IDF, Airstrikes, Yemen, Israeli Opposition

Report: Senior Israeli official strongly opposed the attack in Yemen. This is why.

A senior Israeli official expressed strong opposition to an Israeli attack in Yemen. The same Israeli official said that Israel should attack Iran and not "open another front against Yemen".

Eliana Fleming, JFeed Staff | 21.07.24

Hostage release, ceasefire deal, Israel-Hamas, Gaza

The Senior Minister reveals: this is the date when the hostage deal will be signed

Minister Eli Cohen from the Likud party disclosed that this is the time when the deal with the captives will be finalized. He referred to Prime Minister Benjamin Netanyahu's trip to the United States and the timing when Israel is expected to reach a deal with the captives: "Military pressure has brought Hamas to surrender."

Eliana Fleming, JFeed Staff | 21.07.24

US Elections, Biden withdrawal, Harris, Democratic nominees

Biden's retirement: another danger for Israel in the political arena

The President of the United States Joe Biden is retiring from the presidential race, the big question on the minds of all Israelis is of course, how does this affect us? It could have a huge impact.

Eliana Fleming, JFeed Staff | 21.07.24

October 7th Massacre, Hamas, Sinwar

Report: Sinwar sent Israel a message before October 7th

News 12 journalist, Yaron Avraham, revealed tonight that Yahya Sinwar, the Hamas leader in Gaza, delivered a message to Israel several weeks before the October 7 attack, but it was not properly interpreted.

Eliana Fleming, JFeed Staff | 21.07.24

US Elections 2024, Trump, Biden, Kamala Harris

Trumps reaction to Biden's withdrawal "He was not fit to be President"

Trump has spoken out following Biden announcing he is dropping out of the presidential race. He criticises both Biden and VP Harris saying "Harris will be easier to beat than Biden."

Eliana Fleming | 21.07.24

Biden, US Elections, Kamala Harris, Democratic nominees

Biden quits 2024 presidential race, endorses Harris for White House

Joe Biden has endorsed Kamala Harris for the Democratic nomination after withdrawing from his re-election bid against Donald Trump – live updates.

Eliana Fleming | 21.07.24

US Elections 2024, Trump, Joe Biden, Presidential race

Breaking: Biden Drops Out of U.S. Presidential Race

President of the United States, Joe Biden, announced this evening (Sunday) that he will withdraw from the race for the U.S. presidency against Donald Trump, just three months before the elections scheduled for November.

Eliana Fleming, JFeed Staff | 21.07.24

Paris Olympics, Antisemitism

Shocking: French MP calls to ban Israeli Flag at Paris Olympics

Olympic controversy erupts: French lawmaker demands Israeli flag ban, sparking diplomatic row and security concerns ahead of Paris Games.

Gila Isaacson, JFeed Staff | 21.07.24