CT HB05595

Modifies collateral source payment rules in personal injury and wrongful death cases effective October 1, 2014, clarifying that "collateral sources" include health insurance, automobile accident insurance providing health benefits, managed care delivery systems for Medicaid, and similar insurance benefits, but exclude life insurance and settlement amounts.

Requires courts to reduce economic damage awards by the total amount of collateral source payments received by claimants, except where a right of subrogation exists or where the reduction would equal the claimant's percentage of negligence.

Allows evidence that healthcare providers or insurers paid less than the full amount billed to be admissible as proof of collateral source payments received as of the judgment date.

Requires insurers issuing annuity contracts to employers or employee pension benefit plans to provide written disclosures to beneficiary employees within 15 days, including loss of ERISA and Pension Benefit Guaranty Corporation protections, Connecticut Insurance Guaranty Association coverage information, creditor claim risks, contract terms, and financial examination reports.

Makes violations of the annuity disclosure requirements subject to penalties under insurance law effective October 1, 2014.