OPM: Partnership Consumer Cumulative Stats

Cumulative Program Statistics as of March 31, 2018

Quarterly Summary Report - Connecticut   

Quarter 1
2018

Through
3/31/18

Applications Received:

 22

72,799

Applications Denied:

 2

 9,849

Applications Pending & Withdrawn:

N/A

3,023

Policies Purchased:

44

59,927

Policies Dropped
(voluntarily & for unknown reasons*)

133

14,940

* Includes drops reported as deaths, rescissions, exhausted benefits and other changes.

Policies Not Taken Up (dropped within 30 day free look period):

(1)

4,036

Total Policies In Force - includes reinstatements (active):

N/A

40,951

Policyholders Who Received Service Payments:

1,030

3,696

 

Policy Information

Applications & Purchases

Number of Applications Received

72,799

 

Number of Policies Purchased

59,927

 

Policies in Effect (Active)

40,951

 

Number of Applications Pending
(includes withdrawals)

3,023

 

Policies Denied

9,849

The following statistics are based on information reported at time of purchase for active policies.

 

Cumulative Partnership Activity by Quarter

Type of Policy Purchased

Nursing Home and Home Care

100%

 

Nursing Home Only

0%

 

 

 

Policy Category

Individual

82%

 

Group

18%

 

Purchaser Information

 

 

Age

Age Range

20 - 87

 

Average Age of Purchasers

57

 

Individual

58

 

Group

54

 

 

 

Gender

Female

57%

 

Male

43%

 

Coverage Purchased

 

First time purchasers

92%

First time purchasers who bought $300,000 or less of coverage

64%

Average total benefit

$258,421

 

 

 

Reasons for Purchase1

 

To pay for future services

87%

To protect assets

83%

To protect spouse and family

84%

 

Factors Influencing Purchase2

Percentages reflect purchasers who found factors very important or important.

Coverage for home & community care

96%

Medicaid asset protection

91%

More affordable premium

94%

State's special seal of approval

88%

 

Policyholder Benefit Eligibility & Utilization Counts

 

Number of policyholders, to date, who have qualified to receive benefits

3,696

Number of policyholders who received service payments this quarter
(Lag time inherent to provider billing and service payment reporting can result in fewer claimants reported as having received service payments than are eligible for benefits.)

1,030

Number of policyholders who have accessed Connecticut's Medicaid

224*

 

Aggregate Information on Earned Medicaid Asset Protection

 

Total Medicaid Asset Protection earned by currently active policyholders

$159,086,461*

Total Medicaid Asset Protection earned by policyholders who have accessed Medicaid or have applications pending per official notice from CT's Medicaid Office

$50,685,510

Total Medicaid Asset Protection earned by persons who have voluntarily dropped their policies

$2,744,119

Total Medicaid Asset Protection earned to date by persons who have exhausted their policy benefits but have not applied to Medicaid or have had applications denied by Medicaid.

$54,002,433

Total Medicaid Asset Protection earned to date that will not be accessed (policyholders who have died)

$123,814,025

Total Medicaid Asset Protection earned - to date

$390,332,548

 

Claim Profile (Aggregate)

 

Average age at time of purchase

66

Average age at time of claim

79

Average policy benefit purchased

$196,351**

Average policy benefit at time of claim

$335,971**

 

Consumer Assistance Activities To Date3

 

Calls requesting information

53,152

People attending presentations

58,877

Individuals that met with volunteers

8,159

*  May include active policyholders receiving simultaneous Medicaid and insurance payments.
** Does not include claimants with lifetime (unlimited) coverage.

Source:  Quarterly Reports supplied by the Insurance Companies and compiled by the Connecticut Partnership for Long-Term Care.  Other sources are noted below.   Percentages exclude missing cases.

1 Survey of Purchasers, (N=13,599).  Note, there is up to a 6 month lag in receiving and processing the data.
 2 Ibid., (N=13,159).  Fewer people responded to this specific topic because it was added to the survey at a later date.
 3 Information obtained from the Partnership's Consumer Information Service, Department on Aging.

 

 

 

For more information contact:
David Guttchen, Director
David.Guttchen@ct.gov
(860) 418-6318





Content Last Modified on 7/2/2018 11:44:54 AM