Our payment processor is currently undergoing maintenance. Please call Nichole at (727) 853-0586 to process your order over the phone. If Nichole is unavailable, leave a voicemail with your name and telephone number and she will call you back as soon as possible. Thank you for your understanding.

4-Hour Long Term Care Insurance


Course Description

The (NAIC) National Association of Insurance Commissioners (NAIC) passed mandated producer-training requirements for agents selling, soliciting, or negotiating long-term care insurance back in December 2006. The requirement is spelled out in Section 9 of the NAIC Model 640, Long-Term Insurance Model Act. It calls for "no less than 8-hours" for initial training and "no less than 4 hours" for ongoing training every 24 months. The Deficit Reduction Act of 2005 (DRA), signed into law by President George W. Bush, allows additional states to implement their own Long Term Care Insurance Partnership Program. As part of the DRA it also requires agents selling, soliciting or marketing long-term care insurance partnership policies that they receive training and demonstrate evidence of understanding these policies. According to Pub. L 109-171, provided by the Centers for Medicare & Medicaid Services in the July 27, 2006, State Medicaid Director Letter (SMD #06-019) states that "the state insurance department must provide assurance to the State Medicaid agency that anyone who sells a policy under the Partnership receives training and demonstrates an understanding of Partnership policies and their relationship to public and private coverage of long-term care". This course has been developed to meet the NAIC and certain state requirements that all agents selling, soliciting, or negotiating long-term care insurance must complete an on-going four (4) hour training program every two years, whether or not partnership policies are sold. It is the responsibility of the LTCI carriers to maintain records that the agent has met this requirement.

Learning Objectives

Upon completion of this course, you will be able to:

  • Define what is long-term care/long-term services and support.
  • Describe who needs LTSS and what is not LTSS.
  • List the differences between chronic care vs. acute care.
  • Identify the layers of LTSS facilities of care.
  • Describe the advantages and disadvantages of Home Health Care.
  • List the advantages and disadvantages of Community-Based Care Community-Based Care.
  • Relate the costs of LTSS facilities.
  • Describe the role of the various funding sources for LTSS (Medicaid, Medicare, Out of Pocket and Private Insurance and eligibility.
  • Identify several Asset planning strategies.
  • Explain the Medicaid Estate Recovery Program.
  • Define a tax qualified (TQ) policies and its benefits.
  • Explain the rules for Business-owned LTCI policies, Group and Association plans.
  • Differentiate between a LTC rider and a chronic illness rider.
  • Explain how Annuity LTC linked Benefit policies work
  • List the Unfair Trade Practices.
Price:  $13.95
 
State Insurance Credit
Credit Hours: 4
Credit Type: Life, Accident and Health
Provider: Broker Educational Sales & Training, Inc.
Provider #: 153198
Study Level: Advanced
Exam Details
Monitored: Yes
Questions: 25
Passing Score: 70%
Retakes: Unlimited