KRS § 205.619 Medicaid plan amendment to permit establishing of Kentucky Long-Term Care Partnership Insurance Program.
AI-assisted research summary: The Cabinet must submit a Medicaid plan amendment by October 30, 2008, and the secretary must notify specified officials within two business days after submission and the federal response.
205.619 Medicaid plan amendment to permit establishing of Kentucky Long-Term Care Partnership Insurance Program. (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 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 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.