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CT HB05521
Bill
Status
Passed
5/31/2016
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
- Adds "short-term care coverage" as a new type of health insurance policy in Connecticut, defined as coverage for necessary care or treatment provided outside acute care hospitals for periods not exceeding 300 days
- Requires short-term care policies to be filed with the Insurance Commissioner for approval before delivery, with the commissioner empowered to disapprove forms that are unfair, deceptive, or encourage misrepresentation
- Mandates insurers provide written disclosure at time of solicitation that short-term care policies do not constitute long-term care insurance and may be subject to future rate increases, with applicant signature required
- Prohibits insurers from denying claims or refusing reimbursement solely because claims were submitted by or prepared with assistance of managed residential communities, and requires disclosure of claim decisions to such communities upon written authorization
- Requires the Insurance Commissioner to adopt regulations establishing standards for permissible loss ratios, exclusionary periods, renewal conditions, and benefit coordination with other insurance coverage
Legislative Description
An Act Concerning Short-term Care Insurance.
Last Action
Signed by the Governor
5/31/2016
Committee Referrals
Insurance and Real Estate3/2/2016
Full Bill Text
No bill text available