AN ACT CONCERNING THE CONNECTICUT PARTNERSHIP FOR LONG-TERM CARE.

SB 1420 creates Connecticut's "Partnership for Long-Term Care" by reforming insurance regulations and consumer education. It requires insurers to offer policies with home/community care options (not just nursing homes), inflation protection, and case management services through approved agencies (Sec. 2). The bill mandates insurers to provide detailed Medicaid resource protection information and meet a 60% loss ratio (Sec. 3), while prohibiting policies that require prior hospitalization for benefits. The Office of Policy and Management must launch public education on long-term care financing and asset protection (Sec. 1), with annual reports tracking policy performance. This directly affects Connecticut residents seeking long-term care insurance and insurers selling these policies.