NY A02283

Requires insurers to include a plain language summary in clear, readable format with all long-term care insurance rate filing applications submitted to the department.

Mandates insurers notify policyholders before submitting rate increase applications, including impact statements, justification, estimated renewal rates, and comparisons of rates with and without approval.

Requires the department to post all long-term care insurance rate filing applications on its website within seven days of receipt.

Allows policyholders to submit comments on rate filings for 45 days from the application filing date, with the department required to consider all comments in its decision.