Long-Term Care Insurance Disclosure Act of 2009 - Directs the Secretary of Health and Human Services (HHS) to develop a national model disclosure form for marketing long-term care insurance policies. Sets minimum requirements for such form, including that it: (1) use standard, plain language for purposes of explaining covered services and benefits and restrictions; (2) use standard, consistent definitions for coverage of services and benefits; (3) provide for a standard, consistent disclosure of key provisions, such as monthly premiums, the maximum daily or monthly benefit, and the extent to which benefit amounts will be adjusted for inflation; and (4) have a standard, consistent format with respect to font, color, and type size to allow for easy comparison and not exceed one single-sided page.
Requires the Secretaries of the Treasury and HHS to promulgate regulations requiring issuers of qualified long-term care insurance contracts to use such form for marketing such contracts.
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Health.
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