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Read. Follow. Verify.Missouri requires prior approval for long-term care insurance rate increases and public hearings
Last action · February 5, 2026: Second Read and Referred S Insurance and Banking CommitteeSponsor: Nick Schroer
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What This Bill Would Do
Insurers must submit long-term care insurance premium rate schedules and historical rate increase data to the Department of Commerce and Insurance for prior approval before charging higher rates to policyholders. The director of the department must review these filings within ninety days, hold public hearings or solicit public comments, and deny any state rate increase that exceeds those approved in other states.
Policyholders face strict state oversight on long-term care insurance rate hikes, and the public gains formal opportunities to testify or submit written comments on proposed premium changes.
- Long-term care insurance covers care services such as nursing homes, assisted living, or in-home care that are typically not covered by traditional health insurance or Medicare. context
- State insurance departments regulate insurance company solvency, policy forms, and premium rate increases to protect consumers from unfair pricing. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
long-term care insurance policyholders
Policyholders are subject to new public review processes and state approval requirements before their long-term care insurance premiums can be increased.
insurers
Insurers must submit detailed multistate rate increase data and secure prior written approval from the director of the Department of Commerce and Insurance before implementing new premium rates.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Do insurance companies need state approval before raising long-term care insurance rates?
Can the public participate in the review of proposed long-term care insurance rate increases?
What happens if the state director does not act on a rate filing within ninety days?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
3 actions- Feb 5, 2026SenateFloorSecond Read and Referred S Insurance and Banking Committee
- Jan 7, 2026SenateIntroducedS First Read
- Jan 6, 2026SenatePrefiled
Version history
Only one version on file - nothing to compare yet. The text on record is the 6243S.01I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Substantially Similar Previous Measure
The text notes that SB 1500 is substantially similar to HB 2612 from the 2026 legislative session.
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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