MARYLAND – Long-Term Care Insurance Partnership Program

The Maryland Long-Term Care Insurance Partnership Program is an innovative partnership between Maryland and private insurance companies who issue long-term care insurance policies. A policy sold under the Long-Term Care Insurance Partnership Program, by law, must meet the same standards as a long-term care policy not sold under the program. In addition, a partnership policy must meet

certain specific federal and state requirements, and be certified as a “long-term care partnership policy” by the Commissioner of the MIA. Partnership policies provide an additional level of protection, when compared to a regular long-term care insurance policy. In particular, such policies permit individuals to protect additional assets from spend-down requirements under Maryland’s Medicaid program if assistance under this program is ever needed and you qualify.MD Long-Term Care Insurance Partnership Program pix

This consumer guide contains information about long-term care options and long-term care insurance buying tips.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>