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Policyholders, advocates press lawmakers to address runaway long‑term care insurance premium hikes
Summary
Policyholders and advocates told the Aging Committee that long‑term care insurance premiums have risen steeply—sometimes several hundred percent—leaving many unable to afford coverage. Witnesses urged statutes requiring insurer disclosures, caps or public hearings on rate increases and a multi‑stakeholder task force to craft budget‑neutral fixes.
Policyholders who bought private long‑term care insurance decades ago described steep premium increases and urged the Aging Committee to adopt stronger remedies than the modest tax deduction proposed in HB 5304.
Amelia Smith, an executive‑board member of the Connecticut Alliance for Retired Americans, said her monthly premium rose from $85.50 when she bought the policy in 1994 to $838.46 in 2026. Jan Kritzman, who testified with her husband, said a combined annual premium her family paid in 2004 of about $2,000 has climbed…
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