Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 200 - RULES GOVERNING LONG-TERM CARE INSURENCE
Section 14VAC5-200-90 - Minimum standards for home health care benefits in long-term care insurance policies
Current through Register Vol. 41, No. 3, September 23, 2024
A. A long-term care insurance policy or certificate may not, if it provides benefits for home health and community care services, limit or exclude benefits:
B. If a long-term care insurance policy or certificate provides for home health or community care services, it shall provide total home health or community care coverage that is a dollar amount equivalent to at least one-half of one year's coverage available for nursing home benefits under the policy or certificate at the time covered home health or community care services are being received. This requirement shall not apply to policies or certificates issued to residents of continuing care retirement communities.
C. Home health care coverage may be applied to the nonhome health care benefits provided in the policy or certificate when determining maximum coverage under the terms of the policy or certificate.
Statutory Authority
§§ 12.1-13 and 38.2-223 of the Code of Virginia.