Senate Bill sb2054

    Florida Senate - 2006                                  SB 2054

    By Senator Peaden





    2-1471-06

  1                      A bill to be entitled

  2         An act relating to the Florida Long-term Care

  3         Partnership Program; amending s. 409.9102,

  4         F.S.; requiring the Department of Children and

  5         Family Services, the Office of Insurance

  6         Regulation within the Department of Financial

  7         Services, and the Agency for Health Care

  8         Administration to adopt rules for administering

  9         the program; providing an effective date.

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11  Be It Enacted by the Legislature of the State of Florida:

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13         Section 1.  Section 409.9102, Florida Statutes, is

14  amended to read:

15         409.9102  Florida Long-term Care Partnership Program.--

16         (1)  The Agency for Health Care Administration is

17  directed to establish the Florida Long-term Care Partnership

18  Program, which shall:

19         (a)(1)  Provide incentives for an individual to obtain

20  insurance to cover the costs of long-term care.

21         (b)(2)  Establish standards for long-term care

22  insurance policies for designation as approved long-term care

23  partnership program policies in consultation with the Office

24  of Insurance Regulation.

25         (c)(3)  Provide a mechanism to qualify for coverage of

26  the costs of long-term care needs under Medicaid without first

27  being required to substantially exhaust his or her resources,

28  including a reduction of the individual's asset valuation by

29  $1 for each $1 of benefits paid out under the individual's

30  approved long-term care partnership program policy as a

31  determination of Medicaid eligibility.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2006                                  SB 2054
    2-1471-06




 1         (d)(4)  Provide and approve long-term care partnership

 2  plan information distributed to individuals through insurance

 3  companies offering approved partnership policies.

 4         (e)(5)  Alleviate the financial burden on the state's

 5  medical assistance program by encouraging the pursuit of

 6  private initiatives.

 7         (2)  The Department of Children and Family Services,

 8  the Office of Insurance Regulation within the Department of

 9  Financial Services, and the Agency for Health Care

10  Administration shall adopt rules pursuant to ss. 120.536(1)

11  and 120.54 to administer the Florida Long-term Care

12  Partnership Program.

13         Section 2.  This act shall take effect July 1, 2006.

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16                          SENATE SUMMARY

17    Requires the Department of Children and Family Services,
      the Office of Insurance Regulation within the Department
18    of Financial Services, and the Agency for Health Care
      Administration to adopt rules for administering the
19    Florida Long-term Care Partnership Program.

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CODING: Words stricken are deletions; words underlined are additions.