| 1 | 1 | | |
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| 2 | 2 | | |
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| 3 | 3 | | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. |
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| 4 | 4 | | [Brackets] indicate matter deleted from existing law. |
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| 5 | 5 | | *hb0349* |
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| 6 | 6 | | |
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| 7 | 7 | | HOUSE BILL 349 |
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| 8 | 8 | | O2, C4 4lr0705 |
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| 9 | 9 | | CF 4lr0704 |
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| 10 | 10 | | By: Delegate Cullison |
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| 11 | 11 | | Introduced and read first time: January 17, 2024 |
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| 12 | 12 | | Assigned to: Health and Government Operations |
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| 13 | 13 | | |
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| 14 | 14 | | A BILL ENTITLED |
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| 15 | 15 | | |
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| 16 | 16 | | AN ACT concerning 1 |
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| 17 | 17 | | |
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| 18 | 18 | | Department of Aging – Long–Term Care Insurance – Study 2 |
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| 19 | 19 | | |
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| 20 | 20 | | FOR the purpose of requiring the Department of Aging to contract with an independent 3 |
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| 21 | 21 | | consultant to complete an insurance study on public and private options for 4 |
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| 22 | 22 | | leveraging resources to help individuals prepare for long–term care services and 5 |
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| 23 | 23 | | support needs; and generally relating to long–term care insurance. 6 |
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| 24 | 24 | | |
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| 25 | 25 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 7 |
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| 26 | 26 | | That: 8 |
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| 27 | 27 | | |
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| 28 | 28 | | (a) The Department of Aging shall contract with an independent consultant to 9 |
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| 29 | 29 | | complete an insurance study, that includes actuarial modeling, on public and private 10 |
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| 30 | 30 | | options for leveraging resources to help individuals prepare for long–term care services and 11 |
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| 31 | 31 | | support needs. 12 |
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| 32 | 32 | | |
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| 33 | 33 | | (b) The actuarial modeling required under subsection (a) of this section shall 13 |
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| 34 | 34 | | analyze: 14 |
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| 35 | 35 | | |
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| 36 | 36 | | (1) a public, time–limited long–term care insurance benefit for workers, 15 |
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| 37 | 37 | | funded through a payroll deduction; and 16 |
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| 38 | 38 | | |
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| 39 | 39 | | (2) a public–private reinsurance or risk–sharing option with the purpose of 17 |
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| 40 | 40 | | providing additional insurance capacity in the State by providing a stable and ongoing 18 |
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| 41 | 41 | | source of reimbursement to insurers for a portion of their long–term care services. 19 |
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| 42 | 42 | | |
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| 43 | 43 | | (c) The analysis required under subsection (b) of this section shall include for 20 |
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| 44 | 44 | | each model: 21 |
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| 45 | 45 | | |
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| 46 | 46 | | (1) the expected costs and benefits for participants; 22 |
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| 47 | 47 | | |
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| 48 | 48 | | (2) the total anticipated number of participants; 23 2 HOUSE BILL 349 |
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| 49 | 49 | | |
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| 50 | 50 | | |
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| 51 | 51 | | |
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| 52 | 52 | | (3) the projected savings to the Maryland Medical Assistance Program, if 1 |
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| 53 | 53 | | any; and 2 |
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| 54 | 54 | | |
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| 55 | 55 | | (4) legal and financial risks to the State. 3 |
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| 56 | 56 | | |
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| 57 | 57 | | (d) The study shall include input from: 4 |
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| 58 | 58 | | |
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| 59 | 59 | | (1) the Maryland Department of Health; 5 |
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| 60 | 60 | | |
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| 61 | 61 | | (2) the Department of Disabilities; 6 |
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| 62 | 62 | | |
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| 63 | 63 | | (3) the Department of Aging; 7 |
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| 64 | 64 | | |
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| 65 | 65 | | (4) the Maryland Insurance Administration; 8 |
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| 66 | 66 | | |
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| 67 | 67 | | (5) the Maryland Department of Labor; and 9 |
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| 68 | 68 | | |
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| 69 | 69 | | (6) other interested stakeholders. 10 |
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| 70 | 70 | | |
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| 71 | 71 | | (e) (1) On or before December 31, 2024, the Department of Aging shall submit 11 |
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| 72 | 72 | | an interim report with a summary of the progress of the study required under subsection 12 |
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| 73 | 73 | | (a) of this section to the Governor and, in accordance with § 2–1257 of the State Government 13 |
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| 74 | 74 | | Article, the General Assembly. 14 |
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| 75 | 75 | | |
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| 76 | 76 | | (2) On or before December 31, 2025, the Department of Aging shall submit 15 |
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| 77 | 77 | | a final report with the results of the study required under subsection (a) of this section to 16 |
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| 78 | 78 | | the Governor and, in accordance with § 2–1257 of the State Government Article, the 17 |
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| 79 | 79 | | General Assembly. 18 |
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| 80 | 80 | | |
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| 81 | 81 | | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 19 |
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| 82 | 82 | | 1, 2024. 20 |
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| 83 | 83 | | |
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