Tuesday, September 21, 2010

Public Hearing on PA Long Term Care Insurance Legislation

On Thursday, October 7, 2010 there will be a Joint public hearing with the Pennsylvania House Insurance and Aging Committees on House Bill 2538 (Mundy) at 11:00 A.M. at Luzerne County Community College’s Education Conference Center (located at 1333 South Prospect Street, Nanticoke, PA 18643).  House Bill 2538 provides consumer protections for long-term care insurance policyholders in terms of premiums paid and benefits derived.    
If enacted HB 2538 would require that long-term care insurance rates be calculated to increase based solely on their duration. The issuance of long-term care insurance based upon ability to purchase the policy or certificate is provided and the purchasing of a non-forfeiture benefit is detailed. Also a definition of "group long-term care insurance" is provided.

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