HB 1601 - AS INTRODUCED

2016 SESSION

16-2532

01/09

HOUSE BILL 1601

AN ACT relative to certain continuing care communities.

SPONSORS: Rep. Abel, Graf. 13; Rep. Suzanne Smith, Graf. 8; Rep. Almy, Graf. 13; Rep. Hurt, Belk. 2; Rep. Ebel, Merr. 5

COMMITTEE: Commerce and Consumer Affairs

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ANALYSIS

This bill declares that any continuing care community which charges an entrance fee but which does not offer life care contracts or TYPE B contracts shall not be required to submit actuarial studies to the insurance department.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16-2532

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Sixteen

AN ACT relative to certain continuing care communities.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1  New Paragraph; Certain Continuing Care Communities.  Amend RSA 420-D:7 by inserting after paragraph III the following new paragraph:

IV.  Notwithstanding paragraph II, the commissioner shall not prescribe by rule or otherwise require submission of an actuarial report from any facility which does not offer a contract providing for a full continuum of care designed to meet residents' health care needs as they change over time in which all or part of the risk of uncertain future health care costs is borne by the facility and not the resident.

2  Effective Date.  This act shall take effect 60 days after its passage.