| 122nd MAINE LEGISLATURE | |||||||||
| LD 584 | LR 1574(01) | ||||||||
| An Act To Encourage Long-term Care Insurance and Expand Eligibility for MaineCare | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Mills of Somerset | |||||||||
| Committee: Health and Human Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined current biennium impact - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| While the exemption from estate recovery for MaineCare recipients who use long-term care insurance while residing in a long-term care facility could result in an increase in the use of long-term care insurance and a subsequent reduction in nursing home costs paid by MaineCare, it could also result in a loss of recoveries for costs paid by MaineCare but not covered under the long-term care policy. The exact net impact will depend on the number of participants who currently have insurance and those that will obtain long-term care insurance as a result of this bill's incentives. Currently the number of MaineCare recipients with identified long-term care insurance is relatively small. | |||||||||