The National Conference of Insurance Legislators put off consideration of a long term care partnership model act until this summer.[@@]
Health and life insurance industry officials hope by then Congress will repeal the current legislative impediments to these programs.
Megan Mamarella, manager of state government affairs for the National Association of Health Underwriters, says the partnerships are an attempt to relieve the strain long term care costs put on Medicaid programs. She notes that currently, Medicaid pays about 54% of LTC costs nationwide.
The partnership program would encourage applicants to purchase LTC insurance from the private sector. When that is exhausted, the program would enable them to qualify for Medicaid coverage without the usual requirement of selling off their assets to pay for care.