State long term care partnership program

The range reflects the policy benefits selected by individuals as well as their health status when applying for insurance coverage. However, the Long-Term Care Insurance Price Index conducted by the American Association for Long-Term Care Insurance finds a spread of between and percent between prices charged for virtually identical coverage.

This makes comparison shopping especially important today. The original 4 states are exceptions to every rule. IN allows reciprocity if the clients new state does.

Only dollar-for-dollar method. From it can be any automatic cost of living rider and after age 75, nothing is required. The age can vary but 75 is typically the cut off for a required COLA rider. In most states the GPO does not qualify the policy for partnership.

Under 65 benefits can inflate but discuss with a specialist the available options. QUESTION: Does an individual need to specifically ask for a Partnership-eligible policy, or do most policies qualify as long as they have the required inflation protection and any other policy details?

The original four Partnership states require a separate policy form. Other states generally do not have separate policy forms. The policyholder receives a letter along with the policy delivery that states their policy qualifies as Partnership.

Similarly, Partnership policyholders from other reciprocal states can move to Washington state and remain protected. Without a reciprocity agreement, your long-term care policy is portable, but the asset protection features are not. Need more help?

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