Provider-owned Institutional Special Needs Plans (I-SNPs) are one of the newest waves in long-term care. Designed to take control of insurance funding for a special class of residents, I-SNPs have soared from just three a few years ago to 22 or more today. Earlier this year, the American Health Care Association formed a special council to promote their creation, growth and related lobbying efforts. As one of the approach’s pioneers, Marquis Companies CFO Steve Fogg recently spoke with McKnight’s Editor James M. Berklan about how his company’s I-SNP, Age Right Advantage, came to fruition, its challenges and what others can expect if they explore a similar route.
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