Senate Bill No. 123 mandates that assisted living services agencies (ALSAs) conduct informational hearings for any fee increase exceeding 10%. These hearings must take place at least 30 days prior to the fee increase taking effect, allowing residents, their representatives, and family members to provide feedback. The bill also requires ALSAs to disclose any fee increases to residents or their representatives at least 60 days in advance. However, ALSAs retain the ability to adjust fees immediately if they are necessary due to changes in a resident's care level or condition.

The bill repeals the existing subsection (e) of section 19a-564 and replaces it with new provisions that include the requirement for hearings and the stipulation regarding fee disclosures. The effective date for these changes is set for October 1, 2026. Notably, the bill does not impose any fiscal impact on the state or municipalities.