Required Massachusetts MassHealth Document

Two Hour Continuing Education

For Long-Term Care

What is a MassHealth (Medicaid) Qualified Policy?	1
Qualifying long-term care insurance policies	1
MassHealth Exemptions for which you might qualify	2
Purchasing Insurance to qualify for MassHealth exemptions	3
State Statues	3
National Clearinghouse for Long-Term Care Information	4
Why did Partnership Policies Emerge?	5
Saving Assets from Medicaid Qualification	6
Meeting Partnership Eligibility Requirements	6
NAIC Model Regulations	8
Partnership Plans Protect Assets, Not Income	9
Age as an LTC Policy Factor	9
Reducing Benefits to Save Premium	10
Example	10
Policy Review: 30-day “Free Look”	11
“Notice to Buyer”	11
Policy Schedule	11
Benefit Use	12
Underwriting	12
Asset Repositioning	15
Partnership Participation will not Guarantee Medicaid Qualification	15
Understanding What Long-Term Care Involves	15
Benefit Triggers	18
Making Benefit Choices	18
Daily Benefit Options	19
Determining Benefit Length	20
Asset Protection in Partnership Policies	21
Home Care Options	21
Inflation Adjustment Benefit	23
Elimination Periods in LTC Policies	24
Policy Type	24
Restoration of Policy Benefits	24
Prior Hospitalization Requirements for Skilled Care	25
Deciding Between Federal Tax-Qualified or State Non-Tax (Non-Partnership) Qualified Policies	25
Nonforfeiture Values	26
Waiver of Premium	26
Unintentional Lapse of Policy	27
Policy Renewal Features	27
Extension of Benefits	28
Items Not Covered by the LTC Policy	28
Affordability of Contracts	29
Standardized Definitions	29
Minimum Partnership Requirements	30
Benefit Duplication	30
The Baby Boomer’s Role	30

Thank you,

United Insurance Educators, Inc.

PO BOX 1030

Eatonville, WA  98328