Texas Partnership Training Tour Frequently Asked Questions
1. What is the LTC Partnership?
Under section 6021 of Public Law 109-171 the Defict Reduction Act of 2005 (DRA), States may provide asset disregards (and related estate recovery offsets) for Medicaid applicants who receive benefits under qualified long term care insurance policies (partnership policies) that were purchased in the same state.
In essence for every dollar of Long Term Care Insurance purchased a dollar of assets are protected from Medicaid recovery.
2. Do I have to be certified to sell Long Term Care Insurance in Texas?
The short answer is yes! H.B. 1834 & S.B. 22 enacted by the Texas Legislation established Partnership Plans and required training. Training requirements were released August 6, 2008. The ability to sell Partnership Plans requires 8 hours of NAIC model LTCI and Partnership Training and 4 hours more every two year license cycle. Training must be completed prior to January 1, 2009 or the introduction of a specific company’s Partnership product. When a company has its Partnership product approved they will require certification for any Long Term care Sales. The bottom line is you must be trained and certified to sell LTCi going into next year.
3. Does the 8 hours count toward required 30 hours of CE for license renewal?