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MO HB2619
Bill
Status
2/24/2016
Primary Sponsor
Kip Kendrick
Click for details
AI Summary
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Department of Health and Senior Services must contract for an independent feasibility study and actuarial modeling of options to help individuals prepare for long-term care needs
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First option to be studied: a payroll-deduction-funded long-term care benefit for workers providing 1-3 years of capped-dollar insurance coverage
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Second option to be studied: a public-private reinsurance model to reimburse insurers for catastrophic long-term care losses and expand insurance capacity in the state
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Study must evaluate expected costs and benefits for participants, anticipated participation numbers, projected MO HealthNet savings, and legal/financial risks to the state
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Final report due to the department by December 31, 2017, with director's findings and recommendations submitted to the General Assembly by January 15, 2018
Legislative Description
Requires the Department of Health and Senior Services to conduct a feasibility study of public and private options for leveraging private resources to help individuals prepare for long-term support needs
Last Action
Referred: Health and Mental Health Policy(H)
4/21/2016