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]
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.
Title
An Act Concerning Consumer Protections For Long-term Care Insurance Policyholders.
Sponsors
Sen. Saud Anwar [D] | Rep. Tom Delnicki [R] |
History
Date | Chamber | Action |
---|---|---|
2025-01-10 | Senate | Referred to Joint Committee on Insurance and Real Estate |
Connecticut State Sources
Type | Source |
---|---|
Summary | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00452&which_year=2025 |
Text | https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-00452-R00-SB.PDF |