Download as PDF
304.14-650 Definition for KRS 304.14-650 to 304.14-675.
As used in KRS 304.14-650 to 304.14-675, "short-term nursing home insurance
policies" means any insurance policy or rider advertised, marketed, offered, or
designed to provide coverage for less than twelve (12) consecutive months for each
covered person on an expense-incurred, indemnity, prepaid, or other basis for one
(1) or more necessary or medically necessary diagnostic, preventative, therapeutic,
rehabilitative, maintenance, or personal care services, provided in a setting other
than an acute care unit of a hospital unless the hospital or unit is licensed or certified
to provide services in a skilled nursing facility, extended care facility, intermediate
care facility, convalescent nursing home, personal care facility, home health care
agency, adult day care facility, and assisted living facility. This term shall also
include a policy or rider that provides for payment of benefits based upon cognitive
impairment or loss of functional capacity. Short-term nursing home insurance
policies may be issued by insurers, fraternal benefit societies, nonprofit hospitals,
medical-surgical, dental, and health services corporations, health maintenance
organizations, or any similar organization to the extent they are otherwise authorized
to issued life or health insurance. Short-term nursing home insurance policies shall
not include any insurance policy which is offered primarily to provide basic Medicare
supplement coverage, basic hospital expense coverage, basic medical-surgical
expense coverage, hospital confinement indemnity, major medical expense
coverage, disability income or related-asset protection coverage, accident only
coverage, specified disease or specified accident coverage.
Effective:July 13, 2004
History: Amended 2004 Ky. Acts ch. 157, sec. 1, effective July 13, 2004. -Created 2002 Ky. Acts ch. 304, sec. 1, effective July 15, 2002.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.