US Congress Senate Bill 3229 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 23 2012 - 25% progression, died in committee
Action: 2012-05-23 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Long-Term Care Insurance Consumer Right-to-Know Act of 2012 - Directs the Secretary of Health and Human Services (HHS) to request the National Association of Insurance Commissioners (NAIC) to review and describe, and report to Congress on: (1) disclosure requirements for long-term care insurance policies under the long-term care insurance model regulation and Act promulgated by NAIC (as adopted as of October 2000 and December 2006); (2) disclosure requirements for long-term care insurance policies under state laws; (3) differences in long-term care services, providers, and settings among states; and (4) key issues to consider in the development of a proposed model form for marketing long-term care insurance policies. Directs the Secretary to request NAIC to: (1) establish a Working Group to develop and issue a model disclosure form for marketing long-term care insurance policies, and (2) amend the model regulation and Act to require the use of such form. Requires: (1) the Secretaries of the Treasury and HHS to promulgate regulations requiring issuers of a qualified long-term care insurance contract under certain tax-qualified or Medicaid Partnership policies to use such form for marketing such contracts, and (2) each state to require any issuer of a long-term care insurance policy to use such form when marketing such a policy in the state.

Long-Term Care Insurance Consumer Right-to-Know Act of 2012

Sen. Amy Klobuchar [D-MN]

Sen. Herb Kohl [D-WI]

Date	Chamber	Action
2012-05-23	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/3229/all-info
Text	https://www.congress.gov/112/bills/s3229/BILLS-112s3229is.pdf