Bill > HB05066

This bill proposes to amend Title 38a of the Connecticut General Statutes to establish contracted premium rates for long-term care insurance policies. Long-term care insurance is a type of insurance that helps cover the costs of services and support for individuals who need assistance with daily activities due to chronic illness, disability, or aging. While the bill's text is quite brief and lacks specific details about how these contracted premium rates will be determined or implemented, it suggests the state is seeking to regulate and potentially standardize the pricing of long-term care insurance to make it more affordable or predictable for consumers. The bill appears to be a preliminary step towards creating a framework for controlling insurance costs in the long-term care sector, which can be especially important for elderly and disabled individuals who often rely on these insurance policies to help manage expensive care services.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05066&which_year=2025