Partnerships for Long-Term Care

Slides:

Advertisements

Similar presentations

An Introduction to Long Term Care Partnership Programs Produced by The National Association of Health Underwriters Long Term Care Advisory Group.

Advertisements

Making Health Care Reform Happen on the Ground: From Legislation to Implementation and Improvement 2010 Results International Conference June 20, 2010.

Long-Term Care Insurance The Missing Link in Retirement Planning Presented by

Medicaid Reform and Expansion. Background : The Patient Protection and Affordable Care Act (PPACA) was signed into law in March In June 2012, U.S.

Lifestyle 2000 TM CORPORATE LONG TERM CARE POINT OF SALE PRESENTATION.

WHAT IS LONG-TERM CARE? A wide range of services designed to manage limitations caused by a chronic condition and to minimize further deterioration of.

Health Care Forecasting Conference James Baumgardner Deputy Assistant Director Congressional Budget Office February 25, 2010.

Form #S For Agent Use Only Simplicity Agent Training.

LONG TERM CARE INSURANCE What you should look for when purchasing long term care insurance.

GLTCLH Presentation – 12/ Presentation on the Georgia Tech Group Long-Term Care Insurance (GLTCI) Plan Enrollment Period: April 12, 2010 to May.

LTC Insurance Sales Concept of the Month John Hancock Long-Term Care Insurance A New Age in LTC Leveraging the Enhanced GPO and the 5/3% Compound Inflation.

CoveredCa Update April 2014 Chris Patton Vice President of Sales.

The 4 key elements of a policy Riders to consider Benefit Trigger State Partnership Programs Tax Qualified.

Medicaid’s Changing Role Donna Folkemer National Conference of State Legislatures June 30, 2006.

Michigan LTC Conference: People. Partnerships, Possibilities Susan Nedza, M.D., MBA Chief Medical Officer Region V-Centers for Medicare & Medicaid Services.

WHAT IS LONG TERM CARE? A wide range of services designed to manage limitations caused by a chronic condition and to minimize further deterioration of.

Long-Term Care Partnership: Protecting Consumers and States from Catastrophic Expenditures State Coverage Initiatives Winter Meeting February 8, 2008 Chad.

Susan A. Coronel LTC Director America’s Health Insurance Plans What is LTC Insurance and Where is the Market Headed?

Mission: Protect the Vulnerable, Promote Strong and Economically Self- Sufficient Families, and Advance Personal and Family Recovery and Resiliency. Charlie.

Options for Budgetary Savings in New York State Citizens Budget Commission – October 17, 2007.

K A I S E R C O M M I S S I O N O N Medicaid and the Uninsured Figure 0 Robin Rudowitz Associate Director Kaiser Commission on Medicaid and the Uninsured.

Virginia’s Long-Term Care Partnership The TICKET to Choice, Control, Independence, and Financial Security Update: VICAP fall training 10/17/08 Molly Huffstetler.

The Patient Protection & Affordable Coverage Act of 2010 as Amended (by the Health Care and Education Affordability Reconciliation Act) How Its Provisions.

Development of Virginia’s Long Term Care (LTC) Partnership VIRGINIA DEPARTMENT OF MEDICAL ASSISTANCE SERVICES February 2008.

25 - 1Copyright 2008, The National Underwriter Company Determining Coverage Needs and Selecting a Long-Term Care Policy  What is it?  Pays for personal.

Medicaid “Reform” and Mental Health Leighton Ku Senior Fellow Presentation at NAMI Conference, June 2005

Stretching Program Dollars: Creative Solutions in Cost Containment Presentation to aaa+ ADAP Crisis Summit July 6, 2010.

1 LTC Planning Options… -Three ways you can fund your LTC plan 1. Use your own personal or family’s savings & investments - Self Insure - Self Insure 2.

Promoting Work Supports: Background, Issues, Opportunities June 17, 2005 Mark Greenberg Director of Policy Center for Law and Social Policy th.

1 Health Care Reform-- Report Back from CDC Consultation on 10/7/10 James Watt October 19, 2010.

Figure 1 K A I S E R C O M M I S S I O N O N Medicaid and the Uninsured Dual Eligibles: The Basics Barbara Lyons, Ph.D. Director, Kaiser Commission on.

K A I S E R C O M M I S S I O N O N Medicaid and the Uninsured Figure 0 Long-Term Care: Exploring the Possibilities Diane Rowland, Sc.D. Executive Vice.

Medicaid Lecture 15A Medicaid Established in 1965 along with Medicare Medicaid is a federal and state program that helps low income and disabled individuals.

Research Agenda of the Office of the Assistant Secretary for Planning and Evaluation (OASPE) Annual Research Meeting of AcademyHealth San Diego, California.

Indiana University SCOOP Session – Financial Opportunities September 28, 2004.

1 SUITE 200  2100 RIVEREDGE PARKWAY  ATLANTA, GA   FAX A MEMBER OF THE M FINANCIAL GROUP SECURITIES OFFERED THROUGH.

Emerging Private LTC Financing Innovations The Second National Medicaid Congress June 14, 2007 Richard P. Nelson Erickson & Sederstrom, P.C. Nebraska Initiative.

K A I S E R C O M M I S S I O N O N Medicaid and the Uninsured New Models for Medicaid: A View from the Think-Tank Perspective Diane Rowland, Sc.D. Executive.

For advisor use only. Not for use in sales situations. IDI sales opportunities with business owners [Presenter Name] [Presenter Title] [Presenter Company]

The Deficit Reduction Act of 2005 – Selected Features Robert Mollica.

Update on CMS Financial Alignment Initiative and State Integration Efforts Inside and Outside Demonstration Authority Lindsay Barnette Medicare-Medicaid.

Affordable Care Act (ACA)

Understanding the Financial Planning Process

Change in Washington… Is seismic

Lincoln Money Guard II.

The Times They Are a Changin’ –

Consumer-Directed Medicaid: An Overview Jon Blum June 14, 2007

Director, Pennsylvania PACE Program National Medicare Congress

American National Health Division

Financial/Insurance Products to Fund the Costs of Long-Term Care

Understanding the Financial Planning Process

Massachusetts Health Care Reform Connector Update Rosemarie Day Deputy Director and Chief Operating Officer The 2nd National Congress on the.

Medicaid An Executive Branch Perspective

Straight Talk for Seniors: How Will Health Care Reform Change Your Health Care? June 2013.

Community Living Assistance Services and Supports CLASS

The new mandated LTC NAIC/Partnership Training

Second Medicaid Congress June 14, 2007

MEDICAID AND MMA ADMINISTRATIVE CHALLENGES: SPECIAL NEEDS PLANS

Overview of State Efforts Toward Health Reform

Health Reform: What It Means to Our Community

Indiana University Corporate Accounting POOP Session

Advocacy to Protect Social Insurance

Quantum Auto® Growth Ahead. Introducing the Safe Driver Advantage! June 22, 2009 Welcome. This presentation provides an overview of Quantum Auto.

Quantum Auto® Growth Ahead. Introducing the Safe Driver Advantage!

Presentation transcript:

Partnerships for Long-Term Care Presented by David Guttchen Director - CT Partnership for Long-Term Care CT Office of Policy and Management The National Medicaid Congress June 5, 2006 Washington, DC Guttchen Track 2.04@1.15pm

Partnership States California Connecticut Indiana New York Guttchen Track 2.04@1.15pm

Current Status as of 12/31/05 Policies Purchased – 230,518 Policies in Force (Active) – 186,278 Guttchen Track 2.04@1.15pm

Current Status as of 12/31/05 Age at Purchase – California – Median of 60 Connecticut – Average of 58 Indiana – Average of 61 New York – Mean of 62 Guttchen Track 2.04@1.15pm

Current Status as of 12/31/05 Number of Claimants – 3,332 Benefits Paid – over $125 million Number of Claimants Accessing Medicaid – 157* * NY data as of 5/06. Guttchen Track 2.04@1.15pm

Goals Plan Ahead Without Risk of Impoverishment Enhance Policy Standards Public Education Constrain Growth of Medicaid Long-Term Care Expenses Guttchen Track 2.04@1.15pm

Medicaid Asset Protection Dollar for Dollar Asset Protection Hybrid Models in IN & NY Deficit Reduction Act only allows Dollar for Dollar Dollar for Dollar Protection Allows Policyholders to Purchase Shorter, Comprehensive Coverage Guttchen Track 2.04@1.15pm

Enhance Insurance Standards Compound Inflation Protection Minimum Daily Benefits Comprehensive Home Care Benefits Case Management Agent Training Guttchen Track 2.04@1.15pm

Public Education Key Role of the State Consumer Materials, Presentations and Counseling Outreach to Financial Professionals Agent Training Guttchen Track 2.04@1.15pm

Cost-Effectiveness In CT – Saved Over $2.8 Million To Date 6.8% of Medicaid Long-Term Care Budget as Annual Savings Starting in 2020 Guttchen Track 2.04@1.15pm

Deficit Reduction Act Removed Recovery Restriction On New States Originally Passed in 1993 Grandfathers Existing Partnership States (Includes Iowa) Guttchen Track 2.04@1.15pm

Deficit Reduction Act (cont.) Dollar for Dollar Asset Protection Tax-Qualified Policies Age-Based Inflation Protection Requirements Agent Training Reporting Limits Flexibility for Additional Partnership Requirements Guttchen Track 2.04@1.15pm

Partnership Expansion Many States Interested in Developing a Partnership Program Opportunities for Reciprocity Beyond Current Agreement Between CT & IN CMS Standards for Reporting & Reciprocity Needed Guttchen Track 2.04@1.15pm

Challenges for New States Interagency Coordination Implementation of DRA Provisions: - Inflation Protection - Minimum Benefit Levels - Reporting Consumer Education Guttchen Track 2.04@1.15pm