Oregon Long Term Care Partnership Program
Oregon’s Long-term Care Partnership Program is a partnership program between Medicaid and private long-term care insurers designed to encourage individuals to purchase private long-term care insurance. Oregon long-term care partnership policies are tax qualified (a portion of premiums paid may be claimed as a tax deduction) under federal law; provide policyholders with inflation protection; and most importantly, provide dollar-for-dollar asset protection in the event the policyholder needs to apply for long-term care Medicaid assistance. For every dollar that an Oregon long-term care partnership policy pays out in benefits, a dollar of assets can be protected from Medicaid spend-down requirements.
January 1, 2008
Does 1% Compound Qualify
No. Only for issue age 76 or over.
Inflation Requirement issue age 60 and under
Annual compound inflation of at least 3%
Inflation Requirement issue age 61 to 75
Inflation Requirement issue age 76 or over
What if Inflation Growth stops at age 76
It can qualify for the Partnership