23RS SB 200

Senate Bill 200

Actions

Last Action	02/23/23: to Banking & Insurance (S)
Title	AN ACT relating to long-term care insurance.
Bill Documents	Introduced
Bill Request Number	216
Sponsor	J. Schickel
Summary of Original Version	Create new sections of Subtitle 14 of KRS Chapter 304 to define terms; establish requirements for long-term care insurance premium rates; require the Governor to appoint a long-term care insurance ombudsman; require the commissioner of insurance to create a consumer-driven process for escalating complaints relating to long-term care insurance; establish the Long-term Care Insurance Consumer Advisory Council; amend KRS 304.14-642 to allow long-term care insurance policies to be exchanged for long-term care partnership insurance regardless of issue date; establish terms for initial appointments to the Long-term Care Insurance Consumer Advisory Council; require the Cabinet for Health and Family Services to seek federal approval, if necessary, to implement provisions on long-term care partnership insurance; provide that the requirement to mitigate rate increases by a program of cross-subsidization supersedes any Department of Insurance policy, practice, or understanding used to approve or disapprove a rate increase filing prior to the effective date of the Act.
Index Headings of Original Version	Governor - Appointment, long-term care insurance ombudsman Governor - Appointments, Long-term Care Insurance Consumer Advisory Council Insurance - Long-term Care Insurance Consumer Advisory Council Insurance - Long-term care ombudsman, complaint process Insurance - Long-term care partnership, eligibility for exchange Insurance - Long-term care, premium rates State Agencies - Department for Medicaid Services, long-term care partnership insurance, eligibility for exchange State Agencies - Department of Insurance, long-term care insurance State Agencies - Long-term care ombudsman, advisory council State Agencies - Cabinet for Health and Family Services, long-term care partnership insurance, waiver State Agencies - Department for Aging and Independent Living, long-term care insurance, advisory council Medicaid - Long-term care partnership insurance, eligibility for exchange Aged Persons and Aging - Long-term Care Insurance Consumer Advisory Council Aged Persons and Aging - Long-term care insurance, ombudsman, complaint process Aged Persons and Aging - Long-term care insurance, premium rates Aged Persons and Aging - Long-term care partnership insurance, eligibility for exchange

02/21/23	introduced in Senate to Committee on Committees (S)
02/23/23	to Banking & Insurance (S)