Online Version – This course covers Long Term Care in detail. It looks at the need for LTC insurance, providers of care, services offered by the government including Medicare, Medicaid, VA, alternatives to insurance, traditional LTC policies, tax qualified policies and the new LTC Partnership. This course has been approved for 8 hours by the Department of Insurance and meets the requirements of NAIC Model Law as required under Deficit Reduction Act of 2005.
Wisconsin Medicaid Training
This course meets the requirements for Wisconsin Medicaid Training for Long Term Care.
An insurance intermediary that sells, solicits, or negotiates long-term care insurance products must be licensed and appointed by an insurer and must complete the initial and ongoing long-term care training.
The initial training shall be no less than 8 hours, of which 2 hours must contain Wisconsin-specific Medicaid and long-term care information. After completion of the initial training, all intermediaries must complete one 4-hour training course specific to long-term care insurance every 24 months concurrent with each individual’s license renewal period, of which 1 hour must contain Wisconsin-specific Medicaid training.
The training must include, but not limited to, long-term care state and federal regulation, available long-term care services and providers, alternatives to the purchase of private long-term care insurance, effects of inflation, insurance suitability standards and guidelines
A nonresident intermediary that has satisfied the training requirement in another state will be deemed to satisfy the training requirement in Wisconsin, except for the initial 2 hours of Wisconsin-specific Medicaid and long-term care information training. In addition, nonresident intermediaries must complete one credit hour of Wisconsin-specific Medicaid training every 24 months concurrent with each individual’s license renewal period.
Exam Proctor Requirements: Closed-book exam must be monitored by a disinterested 3rd party of at least 18 years of age, who has no corporate employment, personal relationship, or other interest in the student’s performance on the exam.