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January 2007
 Missouri Senate Bill 15: Long-Term Care Partnership Policy Act
This act establishes the Missouri Long-Term Care Partnership Program and
provides that the Department of Social Services shall, in conjunction
with the Department of Insurance, Financial Institutions and Professional
Registration, coordinate the program so that private insurance and
Medicaid funds shall be used to finance long-term care. The bill was
signed into law and on August 1, 2008, consumers will be able to purchase
partnership policies. The partnership policies enable a consumer needing
long-term care who apply for Medicaid coverage to retain more assets than
the $999 usually permitted by Medicaid regulations.
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OPEN MINDS