OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATE INCREASES.
OFA Fiscal Note
The bill requires long-term care insurance carriers to spread any rate increase in excess of 20% over a period of at least three years. The carriers must also provide certain options to consumers. As this concerns private insurance transactions, there is no fiscal impact.
The Out Years