CT SB00452 | 2025 | General Assembly

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 10 2025 - 25% progression
Action: 2025-01-10 - Referred to Joint Committee on Insurance and Real Estate
Pending: Joint Insurance and Real Estate Committee
Text: Latest bill text (Introduced) [PDF]

Summary

To: (1) Establish a four-year moratorium on long-term care insurance premium rate increases; (2) require that the Insurance Department hold a public hearing for long-term care premium rate increase requests that exceed five per cent; (3) establish a personal income tax deduction for individual long-term care insurance policyholders for whom the premium rate for such policy increased by more than five per cent in a taxable year; and (4) establish a task force to (A) study the long-term care insurance industry, including, but not limited to, premium costs and alternative policy structures, including state-funded insurance pools for long-term care policyholders, and (B) provide recommendations to improve long-term care insurance affordability and coverage.

Tracking Information

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Title

An Act Concerning Consumer Protections For Long-term Care Insurance Policyholders.

Sponsors


History

DateChamberAction
2025-01-10SenateReferred to Joint Committee on Insurance and Real Estate

Connecticut State Sources


Bill Comments

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