HB 259/FN (BR 1056) - J. Greer, B. Montell, K. Hall, T. Kerr, A. Koenig, T. Thompson, J. Vincent, R. Weston, S. Westrom
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 assurance that agents who sell partnership policies understand the policy in Section 2(4); require promulgation of administrative regulations; require insurers to disclose availability of the Kentucky Long-Term Care Partnership Insurance Program; 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; require reports to Interim Joint Committees on Banking and Insurance and Health and Welfare.
HB 259 - AMENDMENTS
HCS/FN - Retain the original provisions; in Section 2(2)(c) delete "Kentucky" and insert "as state with a qualified long-term care partnership program; change Section 3(1) to provide that each insurer or its agent soliciting or offering to sell a partnership policy must provide each prospective applicant a Partnership Program Notice disclosing the availability of the program and outlining the requirements and benefits of a partnership policy.
Jan 10-introduced in House
Jan 15-to Banking & Insurance (H)
Jan 24-posted in committee
Jan 30-reported favorably, 1st reading, to Calendar with Committee Substitute
Jan 31-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 1, 2008
Feb 13-3rd reading, passed 94-0 with Committee Substitute
Feb 14-received in Senate
Feb 19-to Health & Welfare (S)
Feb 27-reported favorably, 1st reading, to Consent Calendar
Feb 28-2nd reading, to Rules
Mar 3-posted for passage in the Consent Orders of the Day for Wednesday, March 5, 2008
Mar 5-3rd reading, passed 38-0; received in House
Mar 7-enrolled, signed by Speaker of the House
Apr 1-enrolled, signed by President of the Senate; delivered to Governor
Apr 7-signed by Governor (Acts Ch. 16)