Long Term Care Insurance Promotion and Protection Act of 1985

Summary

Long Term Care Insurance Promotion and Protection Act of 1985 - Amends title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services, in consultation with Federal and State regulatory agencies, the National Association of Insurance Commissioners, private insurers, organizations representing consumers and the aged, and providers of long-term health care services, to establish model standards for the regulation of long-term health care insurance policies offered by private entities. Requires such standards to be designed to: (1) limit marketing and agent abuse; (2) assure the dissemination of such information to Medicare beneficiaries as is necessary to permit informed choice; (3) promote policies which provide reasonable economic benefits to such beneficiaries; (4) reduce the purchase of unnecessary duplicative coverage; and (5) improve price competition. Provides that such standards shall apply to long-term health care insurance policies in the same manner as they apply to Medicare supplemental policies. Sets forth reporting requirements.

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1 official file

• Introduced in Senate

  summary · EN · 27 June 1985

  Open at official source

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