CT SB00034

Legislative Program Review and Investigations Committee shall conduct a study of offsets in individual and group long-term disability income protection policies offered to state residents by January 1, 2012.

Study must examine specific benefits limited by offsets, average income coverage percentages, maximum dollar limits, and cost differences between policies with and without offsets.

Study shall analyze potential market impacts of policy changes, effects on state assistance programs including Medicaid and Supplemental Security Income supplements, and financial impacts on state employee benefits.

Results of the study shall be submitted to the joint standing committee of the General Assembly with jurisdiction over insurance matters.

Act becomes effective upon passage.