HB05328: An Act Concerning Long-term Care Insurance.
Legislative Summary
To: (1) Prohibit any long-term care insurer from requesting a premium rate increase that exceeds the most recent calendar year average in the consumer price index for urban consumers, as published by the United States Department of Labor, Bureau of Labor Statistics, which shall apply to renewed long-term care policies that were initially purchased by policyholders not less than fifteen years ago; (2) prohibit any long-term care insurer from requesting a premium rate increase of five per cent or more; and (3) require any long-term care insurer that files premium rate increase requests of twenty per cent or more for long-term care insurance policies to spread such increases over not less than five years.
Demographic Impact
Overall analysis of equity impact
Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
