AN ACT CONCERNING CONSUMER PROTECTIONS FOR LONG-TERM CARE INSURANCE POLICYHOLDERS.

SB 452 pauses long-term care insurance premium increases for four years and requires public hearings for rate hikes exceeding 5%. It also creates a personal income tax deduction for policyholders whose premiums rose more than 5% in a year. The bill establishes a task force to study industry costs, explore alternatives like state-funded insurance pools, and recommend ways to improve affordability. These changes directly affect individual long-term care insurance policyholders facing rate increases.