HD34 - House Bill 813 (1996): Mandated Coverage of Home Care in Long-Term Care Insurance Policies
Executive Summary: The House Committee on Corporations Insurance and Banking referred House Bill 813 to the Special Advisory Commission on Mandated Health Insurance Benefits (Advisory Commission) for review. House Bill 813 is patroned by Delegate Kenneth Plum. The Advisory Commission held a hearing on July 12, 1996 in Richmond to receive public comments on House Bill 813. Five speakers addressed the proposal. Representatives of GE Capital Insurance, Unum Life Insurance Company of America, Aegon, Time Insurance Company, and the Health Insurance Association of America spoke in opposition to the bill. Written comments were received from the bill's patron in support of the legislation. The Advisory Commission concluded its review of House Bill 813 on September 19, 1996. Written comments were received in opposition to the bill from Transamerica Life Companies, United Teacher Associates Insurance Company, IDS Life Insurance Company, Time Insurance Company, GE Capital Assurance, Aegon Insurance Group, Trigon Blue Cross Blue Shield, Bankers Life and Casualty Company, Virginia Manufacturers Association, Unum Life Insurance Company of America, Virginia Chamber of Commerce, Aid Association for Lutherans, and American Travelers Life Insurance Company. SUMMARY OF PROPOSED LEGISLATION House Bill No. 813 requires that no long-term care (LTC) insurance policy may be delivered or issued for delivery in Virginia unless the policy provides benefits for home health care. The requirements would be added to the LTC Insurance Chapter of the Insurance Code as § 38.2-5202.1. The bill does not apply to contracts that are normally sold to cover acute health care needs such as major medical and medical expense contracts. Those contracts provide what is sometimes referred to as "comprehensive coverage." Comprehensive contracts pay for a hospital stay for removal of tonsils, or surgery on a back. |
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