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S 3229 112th Congress Senate Health Administrative law and regulatory procedures Department of Health and Human Services Department of the Treasury Health care costs and insurance Insurance industry and regulation Long-term, rehabilitative, and terminal care Marketing and advertising Medicaid

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

Introduced: May 23, 2012 Introduced by: Klobuchar, Amy Democratic · Minnesota See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2012
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 23, 2012
Introduced in Senate
 Plain-English summary Congressional Research Service

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 issue a white paper with its results from the following activities: (1) review and describe disclosure requirements for long-term care insurance policies under the long-term care insurance model regulation and model act promulgated by NAIC (as adopted as of October 2000 and December 2006), (2) review and describe disclosure requirements for long-term care insurance policies under state laws, (3) review and describe differences in long-term care services among states and develop a standardized definition of long-term care services, and (4) identify and describe 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 model act to require the use of such form.

Requires 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 the model form for marketing such contracts.

Directs each state to require any issuer of a long-term care insurance policy to use the model form for marketing a policy.

What's happening now May 23, 2012

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Committees of jurisdiction 1