Long Term Care Partnership State Long Term Care Partnership Form

Instructions and help about Long Term Care Partnership State Long Term Care Partnership

what is the state partnership program hey i'm kelly augsberger certified long-term care insurance specialist with steadfast insurance the state partnership program is a partnership between the state government and private insurance it was created to encourage americans to plan for their long-term care needs the passage of the deficit reduction act of 2005 sent a message to americans that paying for long-term care is our responsibility the act made it more difficult to qualify for medicaid paid long-term care and expanded the partnership program to other states hoping that it would encourage americans to buy private long-term care insurance and 2007 partnership policies here in ohio became available when you buy a partnership qualified long-term care insurance policy the state will actually reward you by allowing you to protect assets from medicaid spend down rules providing dollar for dollar asset protection for each dollar benefits paid by the insurance company one dollar of assets is