Update LTC Insurance – Exceptions to Estate Recovery….

| December 10, 2014

MassHealth is revising the regulations about exceptions to estate recovery to conform to amendments to M.G.L. c. 118E, section 33.  The words “when purchased” are being added to the exceptions about long-term-care insurance. This changes the timing as to when the long-term-care insurance had to have met the requirements of MassHealth at 130 CMR 515.014 and the Division of Insurance at 211 CMR 65.09(I)(e)(2) to meet one of the criteria to qualify for the estate recovery exception. If, on the date of admission to the long-term-care institution, the member has long-term-care insurance that, when purchased, met the MassHealth and the Division of Insurance requirements, the insurance policy is allowable for the exception.

These regulations are effective December 15, 2014.

Category: Consumer & Industry News

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