About other Long Term Care Insurance Partnership Programs
The Long Term Care Insurance Partnership Program was developed in the 1990's to help encourage people to purchase LTC Insurance instead of turning to Medicaid. People who purchase Partnership policies deplete their insurance benefits they can then retain a certain amount of assets and still qualify for Medicaid. Until recently there were only 4 states that participated in the LTC Insurance Partnership Programs these states are: California, Connecticut, Indiana, and New York.
The Deficit Reduction Act of 2005 (DRA 2005) now allows all states to participate in the Partnership Program. Partnership policies in these new Partnership states much meet certain criteria's such as federal tax-qualifications, identified consumer protections, and inflation protection. Compound Inflation protection will be required for the people under the age of 61 and some level of inflation protection will be required for people between 61 and 75. Currently there are over 30 states that authorizing legislation.
Currently, we have these website's completed:
American Association for Long Term Care Insurance the national trade organization committed to helping individuals get the information they need to make educated decisions.
For long term care insurance Federal tax deduction limits and credits or deductions for all 50 states click this link and visit the tax deduction for long term care insurance guide. Published and updated annually by the American Association for Long Term Care Insurance, a national trade organization committed to helping individuals get the information they need to make educated decisions.
For ratings of leading long term care insurance Fcompanies click this link and visit the long term care insurance ratings. Published and updated annually by AALTCI.
NY Long Term Care Partnership
www.newyorkpartnershiponly.com - is your complete source for the NY LTC
Insurance Partnership Program. Learn all you need to know about
the LTC Partnership Program and request LTC Insurance quotes today on the top LTC Insurance carriers. NY LTC
covers USA only. NY Long Term Care - NY LTC
- New York LTC Partnership - NY Long Term Care.
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