Kentucky Statutes 205.619 – Medicaid plan amendment to permit establishing of Kentucky Long-Term Care Partnership Insurance Program
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(1) By October 30, 2008, the Cabinet for Health and Family Services shall submit to the Center for Medicare and Medicaid Services an amendment to the State Medicaid Plan to permit the establishment of a Kentucky Long-Term Care Partnership Insurance Program that provides for the disregard of any assets or resources in an amount equal to the insurance benefit payments made to or on behalf of an individual who is a beneficiary of the partnership insurance program that meets the requirements of KRS § 304.14-640 and KRS § 304.14-642.
(2) The secretary of the cabinet shall notify in writing the commissioner of the Department of Insurance and the Interim Joint Committee on Banking and Insurance within two (2) business days of the submission of the plan amendment and of the receipt of the response by the federal agency.
(3) Upon approval by the federal government of the state plan amendment, the Department for Medicaid Services, in conjunction with the Department of Insurance, shall establish the Kentucky Long-Term Care Partnership Insurance Program in accordance with KRS § 304.14-640 and KRS § 304.14-642.
(4) The department shall:
(a) Provide consultation, information, and materials to the Department of Insurance to assist in the development and issuance of uniform training materials in accordance with KRS § 304.14-642(4); and
(b) Collaborate in the preparation of the report required in KRS § 304.14-642(6).
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 25, sec. 12, effective June 29, 2023. — Amended
2010 Ky. Acts ch. 24, sec. 303, effective July 15, 2010. — Created 2008 Ky. Acts ch.
16, sec. 4, effective July 15, 2008.
Legislative Research Commission Note (7/15/2010). Pursuant to 2010 Ky. Acts ch. 24, sec. 1938, the Reviser of Statutes has changed a reference to the “executive director” of insurance in subsection (2) of this section to the “commissioner” of insurance to reflect the reorganization of certain parts of the Executive Branch, as set forth in Executive Order 2009-535 and confirmed by the General Assembly in 2010 Ky. Acts ch. 24.
(2) The secretary of the cabinet shall notify in writing the commissioner of the Department of Insurance and the Interim Joint Committee on Banking and Insurance within two (2) business days of the submission of the plan amendment and of the receipt of the response by the federal agency.
Terms Used In Kentucky Statutes 205.619
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Cabinet: means the Cabinet for Health and Family Services. See Kentucky Statutes 205.010
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
- Secretary: means the secretary for health and family services or his authorized representative. See Kentucky Statutes 205.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) Upon approval by the federal government of the state plan amendment, the Department for Medicaid Services, in conjunction with the Department of Insurance, shall establish the Kentucky Long-Term Care Partnership Insurance Program in accordance with KRS § 304.14-640 and KRS § 304.14-642.
(4) The department shall:
(a) Provide consultation, information, and materials to the Department of Insurance to assist in the development and issuance of uniform training materials in accordance with KRS § 304.14-642(4); and
(b) Collaborate in the preparation of the report required in KRS § 304.14-642(6).
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 25, sec. 12, effective June 29, 2023. — Amended
2010 Ky. Acts ch. 24, sec. 303, effective July 15, 2010. — Created 2008 Ky. Acts ch.
16, sec. 4, effective July 15, 2008.
Legislative Research Commission Note (7/15/2010). Pursuant to 2010 Ky. Acts ch. 24, sec. 1938, the Reviser of Statutes has changed a reference to the “executive director” of insurance in subsection (2) of this section to the “commissioner” of insurance to reflect the reorganization of certain parts of the Executive Branch, as set forth in Executive Order 2009-535 and confirmed by the General Assembly in 2010 Ky. Acts ch. 24.