What are Partnership Programs?

There are a growing number of states that have or are considering Partnership Programs. The Partnership Programs are joint efforts by state governments and the private long term care insurance industry to create an option to help individuals plan to meet their future long term care needs without depleting all of their assets to pay for care.
Features of the Partnership Program generally vary by state but function in a similar way. These policies may allow you to retina all or a portion of the assets you would otherwise have had to “spend down” to qualify for Medi-Cal if Partnerhship long term care insurance had not been purchased. However, you will have to contribute income you receive to the cost of any long term care services provided under Medi-Cal in accordance with the regulations in your state.