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?

More Questions

What are the considerations in buying a long term care policy?

A typical LTC premium is going to be $1,000 to $3,000 per year. Paying a controlled amount annually is better than risking an unpredictable and potentially devasting cost in the future. Long term care insurance costs are quite expensive so better prepare for them. You can get a free long term care ...

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 does long term care insurance cover?

As the name suggest, long term care (LTC) insurance covers custodial/personal care in all levels and in the setting that suits your condition: it can be a nursing home, assisted living facility, respite care, adult day care or even home based care. I agree with eva83919 , long term care insurance ...

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