What is Indiana Partnership Long Term Care?
An Indiana Partnership Long Term Care Insurance (Partnership) policy allows you to keep all, or part of your assets under the Medicaid program, if your long term care needs last longer than the benefits of your Partnership policy. Indiana Partnership Long Term Care Insurance rates are like other policies.
What is a partnership qualified LTC policy?
Simplified translation: People who purchase a Partnership-qualified LTC insurance policy can protect their own personal assets–up to an amount that is roughly equivalent to the coverage provided by the policy–and still qualify for Medicaid if/when their long-term care policy runs out and they otherwise exhausted most …
What is the purpose of the LTC partnership policy?
The Long Term Care Partnership Program is a joint federal-state policy initiative to promote the purchase of private long term care insurance. The Partnership Program is intended to expand access to private long term care insurance policy to pay for long term care services.
What is required for producers to sell long term care LTC in Indiana?
Indiana does not have a separate LTC license. Producers must hold either an Accident & Health or Life, Accident & Health license to sell LTC insurance. Producers satisfying the initial eight hour requirement must complete a minimum of (5) five hours of LTC insurance courses every two years.
Who licenses the LTC facilities in Indiana?
Division of Long Term Care
The Division of Long Term Care is responsible for state licensing and federal certification programs for long term care facilities.
What inflation option rules apply when a person age 76 or older is purchasing a partnership policy?
Individuals age 76 or older must be offered an inflation protection option, but they are not required to purchase that option.
Who pays the largest share of LTC expenses in the US?
Medicaid
Long-term care services are financed primarily by public dollars, with the largest share financed through Medicaid, the federal/state health program for low- income individuals.
What are the continuing education requirements for agents who market long term care insurance policies?
In addition, pursuant to Section 58056 of Title 22 of the California Code of Regulations, any agent marketing a Partnership Long-Term Care Insurance Policy or Certificate must complete eight (8) hours of education on long-term care in general that meet the requirements of Section 10234.93 of the California Insurance …
How do I print my Indiana insurance license?
To print a license online, select “Print a License” in the left-hand column of this page. This service is free for up to 30 days after license approval or renewal for license applications and license renewals completed through Compliance Express. Duplicate license copies can be printed at any time (fees may apply).
Can you visit nursing homes in Indiana?
The Indiana State Department of Health follows guidance from the Centers for Medicare & Medicaid Services (CMS) and the Centers for Disease Control and Prevention (CDC), which includes restricting all visitation, except for certain compassionate care reasons, such as end-of-life.