Georgia Long-Term Care Partnership Program

Georgia Long Term Care Partnership Program imageThe Georgia Long-Term Care Partnership Program, administered by the Department of Community Health in collaboration with the Office of the Commissioner of Insurance and the Department of Human Resources, Division of Aging Services, provides an alternative to spending down or transferring assets by forming a partnership between Medicaid and private long-term care insurers. This public-private partnership creates an innovative program offering individuals quality, affordable long-term care insurance and a way to receive needed care without depleting all their assets.

The Office of Commissioner of Insurance approves the Georgia Long-Term Care Insurance Policies for insurers who wish to offer these specially qualified products. The Office of Commissioner of Insurance also tests and licenses insurance agents who must be specially qualified to sell Long Term Care Partnership qualified products in Georgia.

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IMPORTANT FACTS

Effective Date
January 1, 2007
Does 1% Compound Qualify
Yes, for all ages.
Inflation Requirement issue age 60 and under
Compound annual inflation protection
Inflation Requirement issue age 61 to 75
Some level of inflation protection
Inflation Requirement issue age 76 or over
Not required
What if Inflation Growth stops at age 76
It can qualify for the Partnership