OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sSB-199

AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATE INCREASES.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

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

State Impact: None

Municipal Impact: None