North Carolina Long Term Care Partnership Program

The Long-Term Care Partnership is an innovative partnership between North Carolina Medicaid and private insurers of long-term care insurance policies. It is designed to assist North Carolinians in planning for their cost of long-term care needs while providing the consumer with the protection of some or all of their assets. If an LTCP policyholder’s long-term care needs extend beyond the period covered by their private policy, they can access Medicaid LTC benefits without meeting the usual asset ‘spend down’ rules. Only partnership policies provide Medicaid asset protection. A long-term care product must meet specific requirements to be considered a partnership policy. It must be a tax-qualified policy; contain specified inflation protection if sold to an individual under age 76; meet certain consumer protection requirements; and the insured must be a resident of the state when the coverage becomes effective. Partnership policies are available from participating insurance companies who are authorized by the North Carolina Department of Insurance to market and sell these policies.