What Is Partnership Long Term Care Insurance?

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    Peggy Mace
    Most of the U.S.
    Partnership Long Term Care Insurance is a type of policy that allows for protection of assets from a Medicaid spend down. Partnership LTC started in 4 Northeastern states and has since become legal in all 50 states. There are some advantages and disadvantages to Partnership LTC. The most obvious advantage is being able to hang onto some of your assets that normally might have to be depleted in order to pay nursing home costs.
    Answered on May 29, 2013
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