HB 1737 | Requires long-term health care insurers to identify whether policies are tax qualified |
HCS/HB 1737 - This act requires any long-term care insurance policy to clearly identify whether or not it is tax-qualified, pursuant to federal law. The act prevents long-term care insurance policies from offering coverage for abortion procedures (except to save the life of the mother) or for counseling that encourages abortion.
The act requires the Director of the Department of Insurance
to include in its long-term care insurance consumer guide
information about asset qualifications for each public program
which provides or funds long-term care; the tax consequences of
different types of policies; factors that affect rates; how some
conditions or events may trigger different benefits; rates of
insurers currently selling such insurance in Missouri;
information and reference guides available elsewhere; and any
other information which may be useful to consumers.
STEPHEN WITTE