OPM: Partnership Consumer Cumulative Stats

Cumulative Program Statistics as of March 31, 2017

Quarterly Summary Report - Connecticut   

Quarter 1
2017

Through
3/31/17

Applications Received:

 162

72,598

Applications Denied:

 20

 9,815

Applications Pending & Withdrawn:

N/A

3,102

Policies Purchased:

155

59,681

Policies Dropped
(voluntarily & for unknown reasons*)

128

14,286

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

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

11

4,030

Total Policies In Force - includes reinstatements (active):

N/A

41,365

Policyholders Who Received Service Payments:

962

3,295

 

Policy Information

Applications & Purchases

Number of Applications Received

72,598

 

Number of Policies Purchased

59,681

 

Policies in Effect (Active)

41,365

 

Number of Applications Pending
(includes withdrawals)

3,102

 

Policies Denied

9,815

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 - 88

 

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

65%

Average total benefit

$257,402

 

 

 

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

3,295

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.)

962

Number of policyholders who have accessed Connecticut's Medicaid

204*

 

Aggregate Information on Earned Medicaid Asset Protection

 

Total Medicaid Asset Protection earned by currently active policyholders

$129,102,215*

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

$45,265,617

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

$1,825,608

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.

$44,492,913

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

$104,414,068

Total Medicaid Asset Protection earned - to date

$325,100,421

 

Claim Profile (Aggregate)

 

Average age at time of purchase

66

Average age at time of claim

78

Average policy benefit purchased

$195,023**

Average policy benefit at time of claim

$321,452**

 

Consumer Assistance Activities To Date3

 

Calls requesting information

53,019

People attending presentations

57,840

Individuals that met with volunteers

8,073

*  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 7/13/2017 9:46:10 AM