S. 1177 · 111th Congress
Confidence in Long-Term Care Insurance Act of 2009
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KohlSponsor3 cosponsors · 2 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Confidence in Long-Term Care Insurance Act of 2009 - Directs the Secretary of Health and Human Services to request the National Association of Insurance Commissioners (NAIC) to conduct biennial reviews of the national and state-specific markets for long-term care (LTC) insurance policies.
What it does: CRS summary · Introduced in Senate · Jun 3, 2009
Confidence in Long-Term Care Insurance Act of 2009 - Directs the Secretary of Health and Human Services to request the National Association of Insurance Commissioners (NAIC) to conduct biennial reviews of the national and state-specific markets for long-term care (LTC) insurance policies.
Directs the Secretary to request the NAIC to: (1) develop model language for marketing of long-term insurance policies that meets certain criteria; and (2) develop recommendations for enforcement of the model marketing disclosures and definitions.
Amends the Deficit Reduction Act of 2005 to authorize establishment of an Internet directory of information regarding LTC insurance ("LTC Insurance Compare") that shall include comparison tools to assist consumers in evaluating LTC insurance policies with different benefits and features.
Amends the Internal Revenue Code to apply Medicaid partnership required model provisions to all tax-qualified LTC insurance contracts.
Outlines a process for secretarial review of 2000 and 2006 model provisions as well as subsequent model provisions with respect to their application to tax-qualified LTC policies and Medicaid partnership policies.
Amends the Deficit Reduction Act of 2005 to require the Secretary to issue biennial reports to states and Congress on Medicaid LTC insurance partnerships and their impact.
Outlines additional consumer protections for Medicaid partnerships.
Directs the Secretary to report to Congress on whether all LTC insurance policies sold after a certain date determined by the Secretary should provide annual compound inflation protection.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Confidence in Long-Term Care Insurance Act of 2009
Latest action (Jun 3, 2009): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6046-6050)
Policy area: Health · Origin: Senate · Introduced: Jun 3, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.