Kansas Partnership for Long-Term Care
A new Long-Term Care Partnership Program now available in Kansas offers a way for Kansans to protect their assets if they ever need to apply for Medicaid services. The Kansas Partnership for Long-Term Care program was announced at a news conference Oct. 12, 2007.
The initiative encourages Kansans to partner with the state-based program as they purchase qualified private long-term care insurance policies. Partnership-Qualified policies are available from licensed insurance professionals. Policies must meet the state and federal Partnership requirements.
People who purchase qualifying long-term care policies, after depleting their insurance benefits, may still qualify for Medicaid, provided they meet all other Medicaid eligibility criteria. The Long-Term Care Partnership program provides dollar for dollar asset protection. Each dollar that your partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid services. Under provisions of the federal Deficit Reduction Act of 2005, states are authorized to enact Partnership programs. Partnership programs must be tax-qualified, contain certain consumer protection provisions and provide inflation protection.
Answer a few short questions and get a customized quote within 24 hours.
We guarantee your information will never be sold, transferred, or distributed to any other entity for commercial purposes. Click here to read our full privacy statement.