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Maine Long-Term Care: What you need to know

Employers have no obligation under Maine law to offer long-term care insurance to their employees. However, if long-term care insurance is among the benefits offered, certain state law requirements limit how the plan may be designed.
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A long-term care policy cannot define a “preexisting condition” more restrictively than as a condition for which medical advice or treatment was recommended by or received from a provider of healthcare services within six months before the effective date of coverage. Additionally, a policy or certificate may not exclude coverage for a loss or confinement that is the result of a preexisting condition unless such loss or confinement begins within six months following the effective date of coverage (ME Rev. Stat. Tit. 24–A Sec. 5075).
Group long-term care insurance policies in Maine must contain a provision for continuation or conversion of the group coverage to individual coverage (ME ADC 02-031 Ch. 425, Sec. 6 ).
Certain employers that provide long-term care insurance policies for their employees may be entitled to an annual tax credit against Maine business taxes equal to the lesser of:
• $5,000;
• 20 percent of the costs incurred in providing the insurance; or
• $100 for each covered employee.
Unused credit may be carried over for up to 15 years (ME Rev. Stat. Tit. 36 Sec. 2525-A).
Note: An identical credit may apply to an employer's income tax liability (ME Rev. Stat. Tit. 36 Sec. 5217-C).
Individuals in Maine may deduct the amount they pay for long-term care insurance premiums from their taxable income when determining the state income tax liability. This deduction must ...

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Maine Long-Term Care Resources

TypeTitle
Policies Elder Care Policy (Standard)

Long-Term Care Products

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