Which states have approved Long Term Care Partnership Insurance?

Which states have approved Long Term Care Partnership Insurance? Please enumerate. Thanks. Laughing

Liked this question? Tell your friends about it

2 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes

None that I'm aware of.

I don't have the full list, but I think most states already have approved private long term care planning "partnership" policies that allow policyholders to protect substantial private assets from Medicaid  should they exhaust their private insurance benefits and need to use Medicaid.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Why isn't hospitalization counted in elimination ...

why isn't hospitalization counted in elimination period for long-term care insurance

Asked: Purpose of Long Term Care?

What do you think is the purpose of long term care planning ? Is the cost worth it?

Asked: Tax perks of long term care insurance?

Is there such a thing as tax qualified LTCi? What are the tax perks of long term care insurance?

Be The First To Answer

Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them

Ask a Question... We'll forward it to people who know

More Questions

Long term care insurance - why do premiums change?

While there is no "normal", you are correct that most carriers have and will probably continue to raise rates on existing policies. In addition, many of the major carriers are no longer writing this type of coverage due to higher claims than originally anticipated. However, if you choose to pay ...

If a person buys a long term care insurance, will he/she get tax

Yes you will get tax deduction based on your age and AGI, for the year 2014, the internal revenue services has increased tax deductibility. You can check the table of long term care insurance tax deductibility at infolongtermcare: http://www.infolongtermcare.org/ltci-tax-deduction-2014/

Listing of Long Term Care Facilities?

Try the long term care directory for retirement homes across North America which you can find at RetirementHomes .com. The site also provides comprehensive and user friendly long term care planning guide to seniors.

What is the typical monthly payment for Long Term Insurance

lenrobbins is right.. the monthly premiums really depend on how much you have decided to receive for yourlong term care needs,including the riders (inflation protection + other added benefits) You may check this out http://www.completelongtermcare.com/resources/policy-types.aspx