Bill to limit sudden long‑term care premium spikes carried over after regulator and insurer warnings HB997 would limit cumulative long‑term care premium increases and require phased implementations; the Bureau of Insurance warned caps could pressure initial pricing and raise solvency concerns, and insurers cited past insolvencies. The committee carried the bill to 2027 for further work.

A new bill in Virginia aims to protect seniors from shocking long-term care insurance premium spikes, but concerns about market stability could delay its passage until 2027.

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