Overview
With the aging of the baby boom generation and the cost of health care continually rising, the issue of long-term care (LTC) is of major importance to both consumers and policymakers. Designed for producers who must meet Minnesota's ongoing 4-hour training requirement for long-term care and long-term care insurance, the course details today's long-term care insurance policies, including common features, provisions, options, and limitations. Qualified long-term care partnerships are explained, as are the requirements for policies that may be used in conjunction with these programs. The course examines the ethical and suitability issues producers may face when offering long-term care insurance and concludes with a unit on Minnesota's Medicaid (MA) and LTC partnership programs.
This course is specifically designed to meet the ongoing study requirement for licensed producers who have completed an initial long-term care training program and has been approved for this purpose.
Learning Objectives
- Understand how long-term care is delivered and how much it costs
- Explain the roles of Medicare and Medicaid as public sources for funding long-term care
- Understand the basics of state long-term care insurance partnership programs and their role in reassigning the costs of care from public to private resources
- Explain the primary forms of long-term care insurance, along with their features and characteristics
- Understand the needs and circumstances under which long-term care insurance is suitable or unsuitable
Designed For
Life and health insurance producers and finance professionals
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