Saturday, August 28, 2010

Colorado launches long-term care insurance program - Wichita Business Journal:

http://villamusica.org/kidsviolinreg.html
The "Own Your Future" unveiled Tuesday, is overseen by various state agencies underd thelabel "Colorado Long-Term Care The program will make available an insurance program to Coloradans ages 45 to 65 throughu private insurers. The program "enables Colorado residents whopurchase Long-Ternm Care Partnership insurance to have more of their assets protectex if they later need the state Medicaidc program to help pay for theirf long-term care," . Those applying for Medicair might otherwise haveto "spend down" more of their own assetsz in order to be eligiblew for Medicaid coverage.
"Colorado is usingh this approach to give its citizens greater control over how they financetheir long-term care and to help shorse up the public safety net against upcoming demographicc pressures," the website says. Such partnership s were established by federal law in 2006 to help preserves the stability of state Medicaid programs and to promoteprivate long-term care programs. Agenciesd involved include the state Department of Healtgh Care Policyand Financing, the Division of the Department of Human Service’s Divisiohn of Aging and Adult Services and the Governor’sa Office. Colorado Gov.
Bill Ritter was to kick off the campaignb at a state Capitol news conferenceat 11:3p0 a.m. Tuesday.

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