Indiana Long Term Care Partnership
1. Long term care insurance policy that is available to
state of Indiana residents.
2. Provides Medicaid Asset Protection -
Indiana Partnership policy will protect the assets that would otherwise have to
be spent down, before you could qualify for Medicaid (e.g. Must be in Indiana to
enjoy this protection when your pool of money runs out) The state of Indiana
promises to protect these assets in the event you have to qualify for Medicaid.
3. To Qualify for a Indiana Partnership
policy in 2003, you must purchase a benefit of
$178,679. Long Term Care Insurance Quotes - Get
coverage for future nursing home, adult living facility, respite care, and home
health care.
4.
Your long term care policy still is good if you move to Texas or Ohio. Your
Medicaid Asset Protection is not.
5.
The Indiana Partnership can only be offered and marketed by agents, licensed to
offer the long term care insurance product.
6. This a state
of Indiana plan, not a federal program.
7. Each Indiana
Partnership policy must have a compound rider to keep pace with inflation and
the yearly amount needed to qualify for the plan.
8. Three other
states have a plan similar to the Indiana Partnership, they include New York,
California, and Connecticut.
9. By
implementing this program, the state of Indiana appears to be very serious about
the issue of purchasing long term care insurance.
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