MA S671

Bill

Relative to long-term care insurance consumer protections

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to long-term care insurance consumer protections. Financial Services.

AI Summary

This bill aims to enhance consumer protections in the long-term care insurance market. It requires long-term care insurance policies entered into on or after January 1, 2012 to have a loss ratio (the ratio of claims paid to premiums received) between 80% and 90% and caps premium increases at 20% over the life of the policy. The bill also mandates that regulations be adopted to align with these requirements and that insurers must concurrently serve rate increase filings to the state's Division of Insurance, Office of the Attorney General, and provide notice to policyholders. Additionally, the bill removes the Commissioner's discretion to deny requests from the Attorney General to review rate increase filings.

Committee Categories

Business and Industry

Sponsors (2)

Cindy Friedman (D)*, Jo Comerford (D),

Last Action

Accompanied a study order, see S2693 (on 02/14/2022)

Official Document

https://malegislature.gov/Bills/192/S671

(19 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S671
Bill	https://malegislature.gov/Bills/192/S671.pdf

Bill	Bill Name	Last Action	Type
H1191	To help patients and reduce health care costs by ensuring patient adherence to medications	Accompanied a study order, see H5222	Similar To
H1221	Relative to unclaimed life insurance benefits	Accompanied a study order, see H5167	Similar To
H2587	Relative to Group Health Insurance Commission	Accompanied a study order, see H4960	Similar To
H3100	Requiring municipalities to place insurance out to bid	Accompanied a study order, see H4910	Similar To
H90	Financing a program for improvements to the Unemployment Insurance Trust Fund and providing relief to employers and workers in the Commonwealth	For actions on the section returned with recommendations of amendments, see H3702	Similar To
S1202	Amending the unemployment insurance law for workers with fluctuating work schedules	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1281	Relative to psychotropic medication	Accompanied a study order, see S2919	Similar To
S1476	To improve infection control within long-term care facilities	Accompanied H1313	Similar To
S241	Relative to the licensure of appraisers	Accompanied a new draft, see H4242	Similar To
S2693	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to health matters	Discharged to the committee on Senate Rules	Replaced by
S35	Similar Bills	See H90	Similar To
S628	Relative to communications between health insurers and patients	Accompanied a study order, see S2693	Similar To
S629	Improving lives by ensuring access to brain injury treatment	Committee recommended ought to pass and referred to the committee on Senate Ways and Means	Similar To
S634	Relative to women's health	Accompanied a study order, see S2693	Similar To
S658	Relative to prescription drug voice synthesizers	Accompanied a study order, see S2800	Similar To
S661	Relative to commonwealth automobile reinsurers	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S709	To establish minimum reimbursement rates to insurance claimants	Accompanied a new draft, see S2928	Similar To
S710	Relative to special insurance brokers	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S787	Establishing a public health option	Accompanied a study order, see S2800	Similar To

Bill

Bill Name

Last Action

Type

H1191

To help patients and reduce health care costs by ensuring patient adherence to medications

Accompanied a study order, see H5222

Similar To

H1221

Relative to unclaimed life insurance benefits

Accompanied a study order, see H5167

Similar To

H2587

Relative to Group Health Insurance Commission

Accompanied a study order, see H4960

Similar To

H3100

Requiring municipalities to place insurance out to bid

Accompanied a study order, see H4910

Similar To

H90

Financing a program for improvements to the Unemployment Insurance Trust Fund and providing relief to employers and workers in the Commonwealth

For actions on the section returned with recommendations of amendments, see H3702

Similar To

S1202

Amending the unemployment insurance law for workers with fluctuating work schedules

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1281

Relative to psychotropic medication

Accompanied a study order, see S2919

Similar To

S1476

To improve infection control within long-term care facilities

Accompanied H1313

Similar To

S241

Relative to the licensure of appraisers

Accompanied a new draft, see H4242

Similar To

S2693

Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to health matters

Discharged to the committee on Senate Rules

Replaced by

S35

Similar Bills

See H90

Similar To

S628

Relative to communications between health insurers and patients

Accompanied a study order, see S2693

Similar To

S629

Improving lives by ensuring access to brain injury treatment

Committee recommended ought to pass and referred to the committee on Senate Ways and Means

Similar To

S634

Relative to women's health

Accompanied a study order, see S2693

Similar To

S658

Relative to prescription drug voice synthesizers

Accompanied a study order, see S2800

Similar To

S661

Relative to commonwealth automobile reinsurers

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S709

To establish minimum reimbursement rates to insurance claimants

Accompanied a new draft, see S2928

Similar To

S710

Relative to special insurance brokers

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S787

Establishing a public health option

Accompanied a study order, see S2800

Similar To

Bill > S671

MA S671

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

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bill summary

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