Filed Under:Health Insurance, Ltci

Connecticut committees OK LTCI rate bills

Hartford's Old State House (AP photo/BobChild)
Hartford's Old State House (AP photo/BobChild)

Lawmakers in Connecticut are considering several bills that could affect carriers' moves to increase long-term care insurance (LTCI) rates.

The bills that have advanced the furthest are House Bill 6321 and the Senate Bill 808 substitute.

America's Health Insurance Plans (AHIP) has said it would prefer to see Connecticut adopt a disclosure provision in a model regulation developed by the National Association of Insurance Commissioners (NAIC). The model requires an insurer to provide a disclosure when it solicits a consumer's business and when a consumer applies for coverage.

"This disclosure form forewarns the consumer that the policy may be subject to rate increases in the future, and provides an explanation of potential future premium rate revisions and the insured's options in the event of such a rate revision," AHIP said.

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Nichole Morford

Nichole Morford
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