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About Long-Term Care Insurance Partnership
Programs
The Long-Term Care Insurance
Partnership Program was developed in the 1980's to help
encourage people to purchase long-term care insurance instead of
turning to Medicaid. People who purchase Partnership
policies deplete their insurance benefits they can then
retain a certain amount of assets and still qualify
for Medicaid. Until recently there were only 4 states
that participated in the Long-Term Care Insurance Partnership Programs
these states are: California, Connecticut, Indiana,
and New York.
The Deficit Reduction Act of 2005 (DRA 2005) now allows
all states to participate in the Partnership Program.
Partnership policies in these new
Partnership states
much meet certain criteria's such as federal tax-qualifications,
identified consumer protections, and inflation protection.
Compound Inflation protection will be required for the
people under the age of 61 and some level of inflation
protection will be required for people between 61 and
75. Currently there are over 30 states that offer Partnership policy's.
When a state has reached its final regulations
issued by the specific states Department of Insurance
and has been allowed to launch the states Long-Term Care Insurance
Partnership Program, that state will be added to this
website.
To Learn more about long-Term care insurance visit www.longtermcareinsuranceonly.com.
Current States
Below are state's that currently have Long-Term Care Insurance Partnership Policies for Sale:
Long Term Care Partnership
Only
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