HB 126 (BR 71) - B. Montell, A. Koenig
AN ACT relating to long-term care insurance.
Create new sections of Subchapter 14 of KRS Chapter 304 to establish the Kentucky Long-Term Care Partnership Program upon approval of a Medicaid waiver to disregard assets, resources, and estate recovery requirements of the Medicaid program in a $1 to $1 amount; permit Medicaid eligibility with disregards upon the exhaustion of the benefits of the partnership policy; require the Office of Insurance and the Department for Medicaid Services to jointly establish the program; define policy terms and services covered; require approval of a partnership policy; specify reporting requirements; require certification of agents who sell partnership policies; require promulgation of administrative regulations; create a new section of KRS Chapter 205 to require the Department for Medicaid Services to apply for a federal waiver to establish the partnership program, require notice of waiver submission and response, require assistance with training materials reporting requirements, and require reports to Interim Joint Committees on Banking and Insurance and Health and Welfare.
HB 126 - AMENDMENTS
HCS - Retain original provisions of the Act; change definition of "Kentucky Long-Term Care Partnership Program" to clarify the amount of the exemption from estate recovery requirements of the Medicaid program; change definition of "long-term care"; delete definition of "long-term care facility"; rewrite Section 2(3); require the Office of Insurance to assure rather than certify that an agent who sells a long-term care partnership insurance policy can demonstrate an understanding of the policy in Section 2(4); delete paragraphs (a) to (b) in Section 2(5); add a new Section 3 to require insurers to disclose availability of the Kentucky Long-Term Care Partnership Insurance program; renumber original Section 3 as Section 4.
(Prefiled by the sponsor(s).)
Jan 2-introduced in House
Jan 3-to Banking and Insurance (H)
Feb 12-posted in committee
Feb 21-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 22-2nd reading, to Rules; recommitted to Health & Welfare (H)
Feb 23-posting waived; posted in committee