New CT long-term care insurance reform bill raised in legislature

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New CT long-term care insurance reform bill raised in legislature

A second legislative committee has raised a bill seeking to tackle the rising cost of long-term care insurance. The Aging Committee’s recently introduced proposal would create a tax deduction for people with these policies, would require public hearings for rate increase requests that exceed 10%, and mandate that the public receive advanced notice of the hearings. “One of our biggest priorities is letting folks age at home, if they choose to, bu…