What a Mason Expert Says about…National Long-Term Care Insurance
Posted: February 8, 2006 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
Mark Meiners, director of the Center for Health Policy, Research and Ethics in the College of Nursing and Health Science, was a key force behind the successful passing of a new national long-term care insurance program by Congress.
This new legislation will encourage those with funds to purchase long-term care insurance through a new national public-private incentive program. It is available for elective participation by all states. The program, operative in four states since 1993, allows people to purchase long-term care policies while keeping personal assets. The policy holders will still be eligible for Medicaid if their coverage should run out.
“Unfortunately, many Americans falsely believe that their long-term care costs will be covered by Medicaid, but this is true only after they’ve spent themselves into impoverishment,” says Meiners. “The new program will empower elderly Americans to take an active approach to planning for their long-term health and well-being. It’s truly a win-win situation for all involved.”
Meiners has been instrumental in the success for the four test states through his leadership work with the Partnership for Long-Term Care. The partnership has focused on building a relationship between Medicaid and private long-term care insurers to create policies that are more affordable and provide better protection against impoverishment than those commonly offered. Once private insurance benefits are exhausted, special Medicaid eligibility rules are applied if additional coverage is necessary.
Meiners specializes in the areas of aging and health and is nationally recognized as one of the leading experts on financing and program development in long-term care.