Purchasing a Long Term Care Insurance (LTCI) policy now gives more protection than ever before. This is a ‘partnership’ between you and the state.
If you purchase a Long Term Care Insurance policy with the correct inflation option; And your state participates in the National Partnership Program for Long Term Care; Then every dollar of benefit paid to you can be set aside from a Medicaid spend down.
You can now protect your assets from a Medicaid spend down by insuring yourself with Long Term Care Insurance policy. This is a very short and simple explanation, please contact us for details.