The Florida Senate

¹409.9102  Florida Long-term Care Partnership Program.--The Agency for Health Care Administration is directed to establish the Florida Long-term Care Partnership Program, which shall:

(1)  Provide incentives for an individual to obtain insurance to cover the costs of long-term care.

(2)  Establish standards for long-term care insurance policies for designation as approved long-term care partnership program policies in consultation with the Office of Insurance Regulation.

(3)  Provide a mechanism to qualify for coverage of the costs of long-term care needs under Medicaid without first being required to substantially exhaust his or her resources, including a reduction of the individual's asset valuation by $1 for each $1 of benefits paid out under the individual's approved long-term care partnership program policy as a determination of Medicaid eligibility.

(4)  Provide and approve long-term care partnership plan information distributed to individuals through insurance companies offering approved partnership policies.

(5)  Alleviate the financial burden on the state's medical assistance program by encouraging the pursuit of private initiatives.

History.--s. 2, ch. 2005-252.

¹Note.--Section 4, ch. 2005-252, provides that "[t]his act shall take effect [June 17, 2005], except that the amendments to section 409.905, Florida Statutes, and the newly created section 409.9102, Florida Statutes, provided in this act shall take effect contingent upon amendment to section 1917(b)(1)(c) of the Social Security Act by the United States Congress to delete the 'May 14, 1993,' deadline for approval by states of long-term care partnership plans."