Professional Documents
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Chapt 16 1-11 Partnership Policies
Chapt 16 1-11 Partnership Policies
Chapt 16 1-11 Partnership Policies
Chapter
16 Partnership
Policies
key Partnership
Programs
points
➤ Partnership programs use a combination of
private and public dollars to pay for long-term
care.
➤ Under a Partnership program, policyholders
can keep some or all of their assets and still
qualify for Medicaid. Long-term care insurance
is used first to pay for long-term care expenses.
When the policy benefits are exhausted, the
policyholder may become eligible for Medicaid
without having to spend down all their assets.
➤ Insurance companies that offer Partnership
policies are superior to insurance companies
that do not.
➤ Most experts believe that programs such as the
Partnership program offer the most promising
solution to financing the long-term care crisis.
➤ The Deficit Reduction Act was passed in 2006
and made it possible for Partnership policies
to expand into additional states.