Senate bill · S5723 (2025-26)
Requires the department of financial services publish a report on long-term care insurance rates
New York State Senate
Same as A3801, the matching bill in the Assembly.
Summary
Requires the department of financial services publish a report on long-term care insurance rates including historical rates and the dates and amounts of any rate changes.
Summary from NY Open Legislation. How we handle summaries
Amends the Insurance Law.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 1, 2026. About our data
Following needs an Agora account. You will sign in first, then come back to this page.
Your position on this bill
Choose the position closest to yours. You'll sign in or create an account to save it.
Purpose, from the sponsor's memo
To amend the insurance law, requiring the Department of Financial Services to publish a report on long-term care insurance rates.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Out of committee and scheduled for a vote by the full chamber.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Insurance · New York State Assembly
Also referred to Insurance · New York State Senate.
The sponsor's argument
Why James Skoufis says this is needed
This bill would require the Department of Financial Services to post easily accessible long-term care rate increases from the past 10 years on its website. As the population ages and long-term care costs continue to rise, consumers' access to reliable and affordable LTC insurance is critically important.
This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.
Full history
- May 20, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO INSURANCE
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO INSURANCE
NY Senate
- Feb 28, 2025
Referred to committee
REFERRED TO INSURANCE
NY Senate
- Jan 30, 2025
Referred to committee
REFERRED TO INSURANCE
NY Assembly