Public-Private Partnership Programs

Background

Under current MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. financial eligibility rules, individuals may not have more than $2,000 in assets. In addition, long-term care insurance (LTCI) is difficult to obtain. This leaves many people without options to protect themselves from the high cost of long-term services and supportsLTSS encompasses a broad range of assistance with activities of daily living and health-related tasks for people with functional limitations caused by physical or mental impairments. LTSS may be delivered in institutions or in a person’s home or a residential care setting. . One innovative solution to this problem is public-private partnerships in which both sectors work together to create more options.

One option is the Partnership for Long-Term Care, a public/private alliance between state governments and insurance companies. Through the partnership, people who buy certain designated LTCI policies may protect a portion of their assets and still qualify for MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. as long as they meet all other MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility requirements. Most states have chosen to participate in the Partnership for Long-Term Care.

States with partnership programs are not required to recover from an individual’s estate any resources protected by a partnership policy. Even with a partnership policy, purchasers have no assurance that the MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. services they will qualify for many years in the future will be the same as those now covered by their policy. Public education about this financing option is critical.

PUBLIC-PRIVATE PARTNERSHIP PROGRAMS: Policy

PUBLIC-PRIVATE PARTNERSHIP PROGRAMS: Policy

Medicaid eligibility

Programs that link MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility to the purchase of long-term care insurance (LTCI) should not limit the availability of MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. benefits for people with low incomes who need long-term services and supportsLTSS encompasses a broad range of assistance with activities of daily living and health-related tasks for people with functional limitations caused by physical or mental impairments. LTSS may be delivered in institutions or in a person’s home or a residential care setting. and do not purchase LTCI.

Partnership policyholders who are eligible for MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. should be allowed to simultaneously receive MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. and LTCI policy benefits if required to meet their needs.

In states with medically needy programs, partnership policyholders should be permitted to spend down to meet MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. ’s income eligibility criteria.

Consumer protections

Partnership programs should require LTCI policies to provide comprehensive benefits and to have strong consumer protections, particularly regarding non-forfeiture, inflation protection, and premium stability.

Such programs should guarantee the types of MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. services—particularly home and community-based services—that the state will provide to eligible partnership policyholders.

States should allow reciprocity with all other states’ partnership programs.

All partnership policies should allow policyholders to assign their benefits to qualified service providers.

States should require training of agents who are authorized to sell partnership policies in the state. Training should be specifically tailored to the knowledge of partnership policies and MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility.

Consumers' information needs

Programs should require those selling partnership policies to educate consumers to make informed decisions about whether a partnership policy is right for them. If so, they may need advice as to which policy best meets their needs. Information must also be provided about MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. ’s income requirements and other eligibility requirements and the state’s right to change them.

Federal and state agencies should establish clear and simple documentation requirements to ensure purchasers’ timely and uncomplicated access to MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. .

Partnership policies should be clearly described and written in plain language.

States should:

  • set out suitability standards for partnership policies and clearly educate consumers about MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility standards,
  • establish the specific inflation protection standards that a policy must provide to qualify as a partnership policy in the state,
  • educate consumers that compound inflation protection offers the best assurance of future benefit adequacy, and
  • prohibit the future purchase optionAn option that allows insurance policyholders to increase their coverage without medical underwriting at some point in the future. as an inflation protection measure for purchasers under the age of 61.

State monitoring and reporting requirements

Federal regulation should require states to report:

  • policy costs and features, policyholder demographic data, and asset protections earned;
  • the number of individuals who apply for, purchase, or are denied policies; who use benefits under their policies; who apply for MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. ; and who are denied or granted MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility;
  • the length of time between policy purchase, use of benefits, MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. application, MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. eligibility being denied or granted, and lapse rates;
  • MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. expenditures for those who purchase policies and the amount spent on services by the insured while using the policy; and
  • the number of partnership and nonpartnership policies sold by an insurer in the state and country.

 

Medicaid savings

States should analyze the potential MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. savings of partnership policies by examining the current long-term services and supportsLTSS encompasses a broad range of assistance with activities of daily living and health-related tasks for people with functional limitations caused by physical or mental impairments. LTSS may be delivered in institutions or in a person’s home or a residential care setting. MedicaidA joint federal/state program that provides health care and LTSS. However, to qualify for Medicaid LTSS, people must have extremely low assets and income, or they have to “spend down” most of their assets. population. They should determine what portion of the population would have been able to purchase LTCI (based on finances and medical underwritingA process in which a health insurer uses an applicant's medical history to decide whether to offer a policy and whether the policy will include pre-existing condition exclusions and/or a premium that's higher than the standard rate. criteria) in their 50s and 60s.

 

Need for innovative approaches

The federal government and states should consider other innovative approaches that use public and private resources to make LTCI or LTSSLTSS encompasses a broad range of assistance with activities of daily living and health-related tasks for people with functional limitations caused by physical or mental impairments. LTSS may be delivered in institutions or in a person’s home or a residential care setting. more accessible.