Long Term Care Insurance and Proposed solutions
View zoom session presented by Fred Anderson, Chief Actuary, MN Commerce Department to learn about long term care insurance. What does long term care insurance cover in MN?
Long Term Care Insurance and Proposed solutions
Thu, Nov 7, 2024, 12pm
Presenter is Fred Anderson, Chief Actuary, MN Commerce Department
Link to the Nov 7 Zoom session: https://umn.zoom.us/j/99186770524
(Registration is not required.)
The attached PPT is part of the discussion.
Information on Long Term Care Insurance is on the following Commerce Department Sites:
Long-term Care Partnership / Minnesota Department of Commerce - Insurance
Dated: May 10, 2024. The Minnesota Long Term Care Partnership is a public/private arrangement between long-term care insurers and Minnesota’s Medical Assistance program. It enables Minnesota residents who purchase certain long-term care insurance to have more of their assets protected if they later need the state to help pay for their long-term care
Long-Term Care / Minnesota Department of Commerce - Insurance
Dated: October 20, 2023 Shopping Buying Long-term Care: information on long-term care insurance and the Minnesota Long Term Care Partnership.
Basics of Long Term Care / Minnesota Department of Commerce - Insurance
What Does Long-Term Care Insurance Cover in Minnesota?
- What do long-term care insurance policies cover?
- What is not covered?
- How long can I collect benefits?
- Do long-term care policies have limitations for pre-existing conditions?
- Can the policy be canceled by the insurer?
- Will I be covered if I need long term care due to Alzheimer's disease?
- How do I find out if I qualify for Medical Assistance or Medicaid?
- Must I be hospitalized before being admitted to a nursing home to be eligible for benefits?
- Can my premiums be increased once I purchase a policy?
- Is it advisable to switch policies if a better deal comes along?
- If I decide I don't want this policy once I review it, can I get my money back?
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