AN ACT REQUIRING A STUDY OF PREMIUM RATES FOR LONG-TERM CARE INSURANCE.

HB 5774 requires Connecticut's Insurance Department to study methods for lowering premium rates for long-term care insurance policyholders. The bill directs the department to examine ways to reduce costs for individuals purchasing or maintaining these policies, which cover extended care needs like nursing home stays or in-home assistance. It does not change current rates or require immediate action - only a formal study. The legislation directly affects long-term care insurance consumers by initiating a review of potential cost-reduction strategies.