12-15-39.8-1. Applicability of Chapter

Sec. 1. This chapter applies to qualified long term care insurance policies that are entered into, issued, or renewed after June 30, 2022. As added by P.L.196-2021, SEC.6.

12-15-39.8-2. “Program”

Sec. 2. As used in this chapter, “program” means the Indiana long term care insurance partnership program established by section 4(a) of this chapter. As added by P.L.196-2021, SEC.6.

12-15-39.8-3. “Qualified Long Term Care Insurance Policy”

Sec. 3. As used in this chapter, “qualified long term care insurance policy” means an insurance policy that meets the following requirements: (1) The policy covers an individual who was a resident of the state when the coverage first became effective under the policy. (2) The policy was not issued before the effective date of […]

12-15-39.8-4. Establishment and Administration of Program

Sec. 4. (a) The Indiana long term care insurance partnership program is established. (b) The office of Medicaid policy and planning and the department of insurance shall administer the program in accordance with Section 6021 of the federal Deficit Reduction Act of 2005. As added by P.L.196-2021, SEC.6.

12-15-39.8-5. Applying Asset Disregard

Sec. 5. Under the program, the office of Medicaid policy and planning must exclude and disregard an amount equal to the amount of benefits an individual receives under a qualified long term care insurance policy when determining the following: (1) The individual’s resources for purposes of determining eligibility for Medicaid under IC 12-15-3. (2) The […]

12-15-39.8-6. Training Program for Insurance Producers

Sec. 6. (a) The department of insurance shall develop a training program for insurance producers who sell qualified long term care insurance policies that includes a certified prelicensing course and continuing education courses. The courses must cover, at a minimum, the following topics: (1) State and federal regulations and requirements and the relationship between qualified […]

12-15-39.8-7. Reporting Requirements

Sec. 7. An insurer that issues a qualified long term care insurance policy shall provide regular reports to: (1) the Secretary of the United States Department of Health and Human Services, as required by federal regulations; and (2) the office of Medicaid policy and planning and the department of insurance, as required by those entities. […]

12-15-39.8-8. Rules

Sec. 8. The secretary of family and social services and the department of insurance may adopt rules under IC 4-22-2 necessary to implement this chapter. As added by P.L.196-2021, SEC.6.