(a) There is a Qualified State Long-Term Care Insurance Partnership.
Purpose
(b) The purposes of the Program are to:
(1) Provide incentives for individuals to insure against the costs of providing for their long-term care needs;
(2) Provide mechanisms for individuals to qualify for coverage of the costs of their long-term care needs under the medical assistance program without first being required to substantially exhaust all their resources;
(3) Assist in developing methods for increasing access to and the affordability of a long-term care policy; and
(4) Alleviate the financial burden on the State's medical assistance program by encouraging pursuit of private initiatives.
Program requirements
(c) The Program shall:
(1) Be administered by:
(i) The Department; and
(ii) The Commissioner;
(2) Provide for the financing of long-term care services by:
(i) Private insurance; and
(ii) State medical assistance; and
(3) Comply with the requirements of § 1917(b) of the Social Security Act and any applicable federal guidelines.
Credits
Added by Acts 1993, c. 513, § 1, eff. Oct. 1, 1993. Amended by Acts 2006, c. 492, § 1, eff. July 1, 2006; Acts 2007, c. 28, § 1, eff. June 1, 2007; Acts 2007, c. 29, § 1, eff. June 1, 2007.
MD Code, Health - General, § 15-402, MD HEALTH GEN § 15-402
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
