3.0.0 159 2023-01-11T13:20:47Z 2023-01-11T13:20:47Z Senate S S 2011-01-25 112 ssfi00 Finance Committee Senate Standing Referred to 2011-01-25T23:33:27Z Long-Term Care Insurance Reform Act of 2011 112 63 HR 2011-02-01 Referred to the Subcommittee on Health. Related bill CRS 2011-01-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-01-25 Introduced in Senate IntroReferral 10000 9 Library of Congress K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2011-01-25 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2011-01-25 True Health Congressional oversight Consumer affairs Health care costs and insurance Inflation and prices Long-term, rehabilitative, and terminal care Marketing and advertising Medicaid Health 00 2011-01-25 Introduced in Senate 2011-03-29T17:40:35Z Confidence in Long-Term Care Insurance Act of 2011 - Directs the Secretary of Health and Human Services (HHS) to request the National Association of Insurance Commissioners (NAIC) to: (1) conduct reviews every five years of the national and state-specific markets for long-term care (LTC) insurance policies; (2) issue a white paper on disclosure requirements for LTC insurance policies, standardized definitions for LTC services, and issues related to the development of a proposed form for marketing LTC insurance policies; (3) establish a Working Group to develop a model disclosure form for marketing LTC insurance policies; and (4) incorporate such form into the Model Act and regulation.

Sets forth requirements related to the use of the proposed model disclosure form for marketing LTC insurance policies, including requiring states to require issuers to use such forms.

Amends the Deficit Reduction Act of 2005 to reauthorize through FY2015 the National Clearinghouse for Long-Term Care Information. Requires the Clearinghouse to establish an Internet directory of information regarding LTC insurance ("to be known as LTC Insurance Compare).

Amends title XIX (Medicaid) of the Social Security Act to require a state Medicaid plan to provide for the annual submission of data relating to functional criteria for the receipt of nursing facility services under the plan.

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 model provisions adopted by NAIC with respect to their application to tax-qualified LTC policies and Medicaid partnership policies to determine if updating such provisions would improve consumer protections for insured individuals.

Applies 2006 NAIC model regulations to Medicaid partnerships. (Currently, 2000 NAIC model regulations apply). Sets forth additional requirements applicable to such policies.

]]> Confidence in Long-Term Care Insurance Act of 2011 Display Title Confidence in Long-Term Care Insurance Act of 2011 Official Title as Introduced A bill to improve consumer protections for purchasers of long-term care insurance, and for other purposes. Introduced in Senate IS Short Titles as Introduced Confidence in Long-Term Care Insurance Act of 2011 Introduced in Senate 2011-01-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s159is/xml/BILLS-112s159is.xml 2011-01-25 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.