CT SB00322

Requires insurers discontinuing long-term care insurance lines in Connecticut to use best efforts to sell the line of business to another licensed or authorized insurer, effective October 1, 2010.

Adds requirement that precertified long-term care insurance policies must base premium rates on community rates and clarifies language regarding policy standards such as home and community-based services options and case management services.

Establishes a Long-Term Care Reinvestment account within the General Fund effective July 1, 2011, to receive enhanced federal medical assistance percentage funds from the Money Follows the Person demonstration project.

Authorizes the Commissioner of Social Services to expend Reinvestment account funds for home and community-based services, workforce development, technology improvements, nursing home facility improvements, and subsidies covering premium costs or increases for long-term care insurance purchasers for six months.

Requires the Commissioner of Social Services to develop a written allocation plan and submit annual reports to the Governor and relevant legislative committees detailing account expenditures and impact on Medicaid costs.