US Congress House Bill 5890 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on July 28 2010 - 25% progression, died in committee
Action: 2010-07-28 - Referred to House Ways and Means
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

LTC Insurance Reform Act of 2010 - Directs the Secretary of Health and Human Services (HHS) to request the National Association of Insurance Commissioners (NAIC) to conduct reviews every five years of the national and state-specific markets for long-term care (LTC) insurance policies. Directs the Secretary to request the NAIC to review and describe in a White Paper: (1) disclosure requirements for LTC insurance policies under the Model Act and regulation as well as under state laws; (2) differences in LTC services with respect to service providers and the settings in which services are provided among states, among other things; and (3) key issues to consider in the development of a proposed form for marketing LTC insurance policies. Directs the Secretary to request the NAIC to establish a Working Group to develop a model disclosure form for marketing LTC insurance policies. Requires each state to require any issuer of an LTC insurance policy to use the proposed model disclosure form when marketing it in the state. Amends the Deficit Reduction Act of 2005 to authorize establishment of an Internet directory of information regarding LTC insurance ("Long-Term Care Insurance Compare") that shall include comparison tools to assist consumers in evaluating LTC insurance policies with different benefits and features and that allow consumers to compare the price, long-term premium stability, and carrier financial strength of such policies. Amends the Internal Revenue Code to apply Medicaid partnership required model provisions to all tax-qualified LTC insurance contracts. Outlines a process for secretarial review of 2000 and 2006 model provisions as well as subsequent model provisions with respect to their application to tax-qualified LTC policies and Medicaid partnership policies. Amends the Deficit Reduction Act of 2005 to require the Secretary of HHS to issue biennial reports to states and Congress on Medicaid LTC insurance partnerships and their impact. Outlines additional consumer protections for Medicaid partnerships. Directs the Secretary to report to Congress on whether all LTC insurance policies sold after a certain date should provide annual compound inflation protection.

Long-Term Care Insurance Reform Act of 2010

Rep. Earl Blumenauer [D-OR]	Rep. Lloyd Doggett [D-TX]	Rep. Eddie Johnson [D-TX]	Rep. Jim McDermott [D-WA]
Rep. Janice Schakowsky [D-IL]

Date	Chamber	Action
2010-07-28		Referred to House Ways and Means
2010-07-28		Referred to House Energy and Commerce
2010-07-28		Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

SB1177 (Related) 2009-06-03 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6046-6050)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/5890/all-info
Text	https://www.congress.gov/111/bills/hr5890/BILLS-111hr5890ih.pdf