Missouri Senate Bill 15: Long-Term Care Partnership Policy Act

January 2007 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 . . .