AN ACT CONCERNING CONSUMER PROTECTION IN THE LONG-TERM CARE INSURANCE MARKET.
Connecticut bill establishing consumer safeguards for long-term care insurance sales, claims, and policy terms to protect seniors and families.
Connecticut bill establishing consumer safeguards for long-term care insurance sales, claims, and policy terms to protect seniors and families.
SB 184 proposes consumer protection measures for the long-term care insurance market in Connecticut. The bill, sponsored by Senator Tony Hwang, was referred to the Joint Committee on Insurance and Real Estate on January 8, 2025. Specific provisions are not detailed in the available information, but the title indicates focus on safeguarding consumers purchasing long-term care insurance policies.
Long-term care insurance is a critical financial product for seniors and their families planning for potential nursing home, assisted living, or in-home care expenses. Without adequate protections, consumers face risks including unclear policy terms, unfair claim denials, premium increases, or policy lapses. Connecticut's action reflects broader national concern about this vulnerable market segment, where consumers often lack expertise to evaluate complex policies.
Compiled from official sources — confirm details with the bill’s official record.
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