HB 997·VA·house
Long-term care insurance; premium rate increases, regulations.
In CommitteeFiled Jan 14, 2026
Sponsor: Seibold
Latest Action
Continued from last session
Jul 21, 2026
Summary
The bill requires the State Corporation Commission to set rules that cap how much long‑term care insurance premiums can rise and forces any approved increase to be phased in over at least five years. It also stops any further hikes once the total increase reaches 250 % of the original premium. The goal is to protect retirees and pre‑retirees from runaway insurance costs.
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