1. (a) There is a Qualified State Long-Term Care Insurance Partnership.

2. (b) The purposes of the Program are to:

   1. (1) Provide incentives for individuals to insure against the costs of providing for their long-term care needs;
   2. (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. (3) Assist in developing methods for increasing access to and the affordability of a long-term care policy; and
   4. (4) Alleviate the financial burden on the State's medical assistance program by encouraging pursuit of private initiatives.

3. (c) The Program shall:

   1. (1) Be administered by:

      1. (i) The Department; and
      2. (ii) The Commissioner;

   2. (2) Provide for the financing of long-term care services by:

      1. (i) Private insurance; and
      2. (ii) State medical assistance; and
   3. (3) Comply with the requirements of § 1917(b) of the Social Security Act and any applicable federal guidelines.

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.