Bill Text - SB610 (2026)

(New Title) allowing the insurance commissioner to approve innovative short or long-term care policies.


Revision: May 8, 2026, 9:58 a.m.

SB 610-FN - VERSION ADOPTED BY BOTH BODIES

 

01/29/2026   0111s

02/05/2026   0431s

23Apr2026... 1497h

2026 SESSION

26-2202

06/09

 

SENATE BILL 610-FN

 

AN ACT allowing the insurance commissioner to approve innovative short or long-term care policies.

 

SPONSORS: Sen. Ricciardi, Dist 9; Sen. Lang, Dist 2; Sen. Gannon, Dist 23; Sen. Watters, Dist 4; Rep. Post, Hills. 42; Rep. Spier, Hills. 6; Rep. Burroughs, Carr. 2

 

COMMITTEE: Health and Human Services

 

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AMENDED ANALYSIS

 

This bill allows the insurance commissioner to approve innovative short or long-term care policies or certificates and rates that the commissioner finds are reasonable and in the public interest.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01/29/2026   0111s

02/05/2026   0431s

23Apr2026... 1497h 26-2202

06/09

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty-Six

 

AN ACT allowing the insurance commissioner to approve innovative short or long-term care policies.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Paragraph; Disclosure and Performance Standards for Long-Term Care Insurance.  Amend RSA 415-D:5 by inserting after paragraph IV the following new paragraph:  

V.  Notwithstanding any other provision in this chapter, the insurance commissioner may approve innovative short or long-term care policies or certificates and rates, provided the commissioner finds that:  

(a)  Issuance or delivery is not contrary to the best interest of the public; and

(b)  The benefits are reasonable in relation to the premium charged.  

2  Effective Date.  This act shall take effect 60 days after its passage.  

 

LBA

26-2202

04/29/2026

 

SB 610-FN- FISCAL NOTE

AS AMENDED BY THE HOUSE (AMENDMENT # 2026-1497h)

 

AN ACT allowing the insurance commissioner to approve innovative short or long-term care policies.

 

FISCAL IMPACT:   

 

Estimated State Impact

 

FY 2026

FY 2027

FY 2028

FY 2029

Revenue

$0

Indeterminable Increase

(not provided by agency)

Indeterminable Increase

 (not provided by agency)

Indeterminable Increase

(not provided by agency)

Revenue Fund(s)

General Fund

Expenditures*

$0

$0

$0

$0

Funding Source(s)

None

Appropriations*

$0

$0

$0

$0

Funding Source(s)

None

*Expenditure = Cost of bill                *Appropriation = Authorized funding to cover cost of bill

 

Estimated Political Subdivision Impact

 

FY 2026

FY 2027

FY 2028

FY 2029

County Revenue

$0

$0

$0

$0

County Expenditures

$0

Indeterminable

Indeterminable

Indeterminable

Local Revenue

$0

$0

$0

$0

Local Expenditures

$0

Indeterminable

Indeterminable

Indeterminable

 

 

METHODOLOGY:

This bill allows the Insurance Department Commissioner to approve innovative short or long-term care policies or certificates and rates provided they meet certain criteria.  The Insurance Department states this bill may result in an indeterminable increase in state revenue deposited to the General Fund to the extent that new insurance products enter the market without displacing existing long term care policies and generate additional Insurance Premium Tax revenue.  The Department indicates that any additional workload associated with approving innovative long or short term care insurance products can be absorbed within existing staff and budget.

 

To the extent counties and municipalities purchase health insurance, they could see an increase in their health insurance premiums.

 

AGENCIES CONTACTED:

Insurance Department