Connecticut Committee Advances Bill to Protect Long-Term Care Insurance Buyers
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticuts Human Services Committee advances a bill to protect long-term care insurance buyers, increasing financial disclosures, banning executive pay ties to rate hikes, and allowing the state attorney general to investigate shady practices. Policyholders share stories of premiums doubling, while insurance industry reps warn of potential options reduction and increased government aid. Nearly 100,000 Connecticut residents hold these policies, with over 17,000 experiencing fifty percent or higher increases since 2019. The bill moves forward amid other proposals to address rate transparency and add safeguards for seniors planning ahead.
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