NU Online News Service, April 19, 7:04 p.m. – Kentucky Gov. Paul Patton, a Democrat has signed S.B. 41, a bill that defines “short-term nursing home insurance” and gives the state insurance commissioner the authority to regulate short-term nursing home policies.
The bill defines short-term nursing home policies as “any insurance policy or rider advertised, marketed, offered, or designed to provide coverage for less than 12 consecutive months” for nursing home care, home health care, adult day care, time spent in an assisted living facility or similar types of care.
The bill distinguishes between short-term nursing home insurance and short-term nursing benefits included with major medical policies.
At least one other state, Utah, also has an official definition of “short-term care insurance,” according to a version of the Utah code published by Matthew Bender & Company Inc., Albany, N.Y.
Other sections of S.B. 41 give the Kentucky insurance commissioner authority to enact long-term care insurance rate increase regulations; regulate the “incidental long-term care benefits” included with life insurance policies, disability insurance policies, and annuities; and review applications written in languages other than English.
Insurers that submit applications in languages other than English must also submit a certification that the non-English version is a complete and accurate translation of the English version. The policy must warn customers that, if the English version conflicts with the non-English version, the English version shall prevail.
S.B. 41 was introduced by Sen. David Karem, D-Louisville, Ky.
The state Senate approved the bill 38-0, and the state House approved it 33-0, according to the state bill tracking service.
The text of the bill is on the Web at http://www.lrc.state.ky.us/record/02rs/SB41.htm