US SB159 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Confidence in Long-Term Care Insurance Act of 2011 - Directs the Secretary of Health and Human Services (HHS) to request the National Association of Insurance Commissioners (NAIC) to: (1) conduct reviews every five years of the national and state-specific markets for long-term care (LTC) insurance policies; (2) issue a white paper on disclosure requirements for LTC insurance policies, standardized definitions for LTC services, and issues related to the development of a proposed form for marketing LTC insurance policies; (3) establish a Working Group to develop a model disclosure form for marketing LTC insurance policies; and (4) incorporate such form into the Model Act and regulation. Sets forth requirements related to the use of the proposed model disclosure form for marketing LTC insurance policies, including requiring states to require issuers to use such forms. Amends the Deficit Reduction Act of 2005 to reauthorize through FY2015 the National Clearinghouse for Long-Term Care Information. Requires the Clearinghouse to establish an Internet directory of information regarding LTC insurance ("to be known as LTC Insurance Compare). Amends title XIX (Medicaid) of the Social Security Act to require a state Medicaid plan to provide for the annual submission of data relating to functional criteria for the receipt of nursing facility services under the plan. 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 model provisions adopted by NAIC with respect to their application to tax-qualified LTC policies and Medicaid partnership policies to determine if updating such provisions would improve consumer protections for insured individuals. Applies 2006 NAIC model regulations to Medicaid partnerships. (Currently, 2000 NAIC model regulations apply). Sets forth additional requirements applicable to such policies.
Title
Confidence in Long-Term Care Insurance Act of 2011
Sponsors
Sen. Herb Kohl [D-WI] | Sen. Amy Klobuchar [D-MN] | Sen. Ron Wyden [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2011-01-25 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB63 (Related) 2011-02-01 - Referred to the Subcommittee on Health.
Subjects
Congressional oversight
Consumer affairs
Health care costs and insurance
Inflation and prices
Long-term, rehabilitative, and terminal care
Marketing and advertising
Medicaid
Consumer affairs
Health care costs and insurance
Inflation and prices
Long-term, rehabilitative, and terminal care
Marketing and advertising
Medicaid
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/159/all-info |
Text | https://www.congress.gov/112/bills/s159/BILLS-112s159is.pdf |