Connecticut has added two new laws that could affect how issuers and sellers of long-term care insurance (LTCI) communicate with consumers.
S.B. 9 calls for anyone taking an LTCI coverage application to make sure that the applicant understands that the cost of the coverage could increase.
The seller would have to provide a written warning that the premiums could go up, and the applicant would have to sign a document acknowledging that the application knew that the rates could go up.