146.91 Long-term care insurance.

198 words·~1 min read·/wi/chapter-146/146-91

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)In this section, “long-term care insurance” means insurance that provides coverage both for an extended stay in a nursing home and home health services for a person with a chronic condition. The insurance may also provide coverage for other services that assist the insured person in living outside a nursing home including but not limited to adult day care and continuing care retirement communities.

(2)The department, with the advice of the council on long-term care insurance, the office of the commissioner of insurance, the board on aging and long-term care and the department of employee trust funds, shall design a program that includes the following:

(a)Subsidizing premiums for persons purchasing long-term care insurance, based on the purchasers’ ability to pay.

(b)Reinsuring by the state of policies issued in this state by long-term care insurers.

(3)The department shall collect any data on health care costs and utilization that the department determines to be necessary to design the program under sub.

(2).

(6)The department, with the advice of the council on long-term care insurance, may examine use of tax incentives for the sale and purchase of long-term care insurance.