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