Long-Term Care Act of 1994

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Establishment of Federal Standards for Long-Term Care Insurance Title II: Tax Treatment Subtitle A: Long-Term Care Insurance Subtitle B: Payments under Life Insurance Contracts to Terminally Ill Individuals Title III: Elimination of Medicaid Restriction on State Asset Protection Programs Title IV: State Programs for Home and Community-Based Services for Individuals with Disabilities Title V: Rebasing Medicare Payment Rates Subtitle A: Rehabilitation Hospitals Subtitle B: Long-Term Hospitals Long-Term Care Act of 1994 - Title I: Establishment of Federal Standards for Long-Term Care Insurance - Amends the Public Health Service Act to mandate the establishment of model Federal standards for long-term care insurance. Prohibits the offering of a long-term care insurance policy in a State unless the State has a regulatory program meeting the requirements of this Act or the policy has been certified by the Secretary of Health and Human Services. Authorizes grants to States for demonstration programs to improve enforcement of the standards. Authorizes appropriations. Imposes on agents selling long-term policies a duty of good faith and fair dealing. Prohibits tw…