What Is Long Term Care Partnership Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Long Term Care Partnership Insurance started in 4 states but is now available to persons in all states through the Deficit Reduction Act of 2005. It allows persons who purchase Partnership Long Term Care policies to have Medicaid Asset Protection in the event that they need to turn to Medicaid to pay for long term care costs after policy benefits have been exhausted. The plans have minimum requirements and carry an endorsement from the state and federal government.
    Answered on July 2, 2013
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