Raised S.B. No. 1278
Session Year 2025
 


AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATES.

To (1) allow an income tax deduction for long-term care insurance premiums, (2) require the Insurance Department to hold a public hearing for long-term care premium rate increase requests that exceed ten per cent, and (3) require that policyholders are provided advance notice of such hearing.

Introduced by:
Aging Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 5/8/2025Immediate Transmittal
 5/8/2025Referred by Senate to Committee on Finance, Revenue and Bonding
 5/8/2025Senate Adopted Senate Amendment Schedule A 7941
 3/27/2025(LCO)File Number 284
 3/27/2025Senate Calendar Number 185
 3/27/2025Favorable Report, Tabled for the Calendar, Senate
 3/27/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/21/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM
 3/11/2025(LCO)Filed with Legislative Commissioners' Office
 3/11/2025(INS)Joint Favorable
 3/6/2025Favorable Change of Reference, House to Committee on Insurance and Real Estate
 3/6/2025Favorable Change of Reference, Senate to Committee on Insurance and Real Estate
 3/6/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/4/2025(LCO)Filed with Legislative Commissioners' Office
 3/4/2025(AGE)Joint Favorable Change of Reference Insurance and Real Estate
 2/14/2025Public Hearing 02/20
 2/10/2025Referred to Joint Committee on Aging

Co-sponsors of SB-1278

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