Dial in: 866-396-1316
The Long Term Care Discussion Group
A voluntary independent group that meets solely for the purpose
of educating the policy community on all facets of long term care
Thursday, May 25, 2017
10:30 – 11:30 am
America’s Health Insurance Plans
601 Pennsylvania Avenue NW
South Building, Suite 500
Dial in: 866-396-1316
Code: 202 778 3202
PLEASE BE SURE TO MUTE YOUR PHONES (*6)
Minnesota Efforts to Reform
Long Term Care Financing
Speaker: Loren Colman, Minnesota Department of Human Services
With John Cutler and John O’Leary
Loren’s presentation will showcase Minnesota’s efforts to reform long term care financing. The initiative started as an “Own Your Future” LTC awareness campaign in October 2012. More recently, Minnesota added two additional components: how to make affordable insurance/financial products available to middle-income households as well as evaluating possible changes in Medicaid to incent private payment for LTC.
This talk focuses on two product concepts intended to stimulate product demand among the middle-income: (1) a term life insurance product that converts into a LTCI product at 65 and (2) the addition of a home care benefit to all Medicare supplemental insurance sold in Minnesota. Loren will discuss the actuarial and market research work being done to evaluate the potential role that Minnesota’s two product ideas could have in helping middle-income households pay for LTC costs in the future. These studies will be completed by the fall of 2017.
After Loren provides the strategic framework and context for this initiative, John Cutler (Co-chair LTCDG) and John O’Leary (O’Leary Marketing) will present the product concepts.
Loren Colman is assistant commissioner for Continuing Care for Older Adults and had been assistant commissioner of Continuing Care for the Minnesota Department of Human Services since early 2003. He has directed the efforts of many programs that serve the people of Minnesota.
HOW TO RSVP:
· Please RSVP to attend by phone or in person by sending an email to email@example.com. Please DO NOT REPLY to this email.
· For those participating by telephone, the meeting materials (once available) will be posted at our website: http://www.ltcdiscussiongroup.org on the ARCHIVES page.
· Telephone dial-in information is provided above. It is imperative that you RSVP if you wish to participate by telephone. We also ask that you MUTE your phones during the call.
Long Term Care Discussion Group Co-Chairs:
Susan Coronel, John Cutler, Hunter McKay (ex-officio), Karl Polzer, Jill Randolph, and Eileen J. Tell
Long Term Care Discussion Group meetings are intended as forums for candid discussion. Dialogue and comments made during these meetings should be treated as off the record.
For more information about the Long Term Care Discussion Group, and to access materials and information from previous meetings, visit www.ltcdiscussiongroup.org
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