CT HB07183

Insurance Department must submit a report by February 1, 2026 evaluating an alternative pool for long-term care policyholders with policies exceeding twenty years

Public hearings required for long-term care premium rate increases exceeding 10%, with insurers required to notify policyholders at least 14 days in advance

Insurers must provide written notice to individuals prior to purchasing any long-term care policy about the risk of future premium rate increases, effective January 1, 2026

Premium rate increases capped at the consumer price index for policyholders who purchased policies before December 31, 1985 and have either reached age 80 or paid lifetime premium increases of at least 400%

Auditors of Public Accounts must perform a limited performance audit of the Connecticut Partnership for Long-Term Care at least every two years