2018 -- H 7575

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LC004541

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO INSURANCE -- LONG-TERM CARE INSURANCE

     Introduced By: Representatives Fogarty, Carson, Donovan, Amore, and Ruggiero

     Date Introduced: February 09, 2018

     Referred To: House Health, Education & Welfare

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 27-34.2 of the General Laws entitled "Long Term Care Insurance"

is hereby amended by adding thereto the following section:

     27-34.2-23. Notification -- Premium increases -- Alternative coverage.

     (a) An issuer of any long-term health care plan sold and marketed in this state resulting in

the issuance of a policy and seeking to increase its premiums shall, ninety (90) days prior to the

policy renewal date, provide to the holder of the policy written notice of increases to the

premiums and alternatives to maintaining coverage at the same cost.

     (b) Notwithstanding the provisions of subsection (a) of this section, no plan increase shall

represent more than ten percent (10%) of the previous year's cost.

     SECTION 2. This act shall take effect upon passage and shall apply to all plans sold and

marketed in this state on or after January 1, 2019.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO INSURANCE -- LONG-TERM CARE INSURANCE

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     This act would require long-term health care plan issuers seeking to increase premiums to

provide written notices to holders of the policy ninety (90) days prior to the renewal date,

alternatives to maintain coverage at the same cost and limit increases to ten percent (10%) of the

previous year's cost.

     This act would take effect upon passage and would apply to all plans sold and marketed

in this state on or after January 1, 2019.

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