Cumulative Program Statistics as of March 31, 2021
Quarterly Summary Report - Connecticut   Quarter 1
2021
Through
3/31/21
Applications Received:  42

72,935

Applications Denied:

 5

  9,883

Applications Pending & Withdrawn:

N/A

  2,551

Policies Purchased:

135

60,501

Policies Dropped
(voluntarily & for unknown reasons*)

236

16,898

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

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

1

 4,033

Total Policies In Force - includes reinstatements (active):

N/A

39,570

Policyholders Who Received Service Payments:

1,260

  5,190

 

Policy Information



Applications & Purchases

Number of Applications Received

72,935


Number of Policies Purchased

60,501


Policies in Effect (Active)

39,570


Number of Applications Pending
(includes withdrawals)

  2,551


Policies Denied

  9,883

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 - 86


Average Age of Purchasers

57


Individual

57


Group

54




Gender

Female

57%


Male

43%

Coverage Purchased


First time purchasers

92%

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

63%

Average total benefit

$263,327



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

5,190

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.)

1,260

Number of policyholders who have accessed Connecticut's Medicaid

326*

Aggregate Information on Earned Medicaid Asset Protection


Total Medicaid Asset Protection earned by currently active policyholders

$265,087,212*

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

$  81,461,874

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

$  11,831,324

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.

$  81,218,740

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

$202,771,484

Total Medicaid Asset Protection earned - to date

$642,370,634

Claim Profile (Aggregate)


Average age at time of purchase

65

Average age at time of claim

80

Average policy benefit purchased

$201,456**

Average policy benefit at time of claim

$383,605**

Consumer Assistance Activities To Date3


Calls requesting information

53,691

People attending presentations

60,954

Individuals that met with volunteers

  9,441

*  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 of Rehabilitation Services.

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