SB00409: An Act Concerning Long-term Care Insurance.

Legislative Summary

To: (1) Establish a study regarding an alternative pool for long-term care policyholders; (2) require a public hearing concerning premium rate increases in excess of ten per cent; (3) require notice to individuals of the risk of premium increases prior to the purchase of a long-term care policy; and (4) implement a tax credit for individuals purchasing long-term care policies.