Florida Long-Term Care Partnership Program
Florida's Long-Term Care (LTC) Partnership Program is designed to encourage FL residents to purchase private long-term care insurance by offering them the option to exempt some or all of their assets from Medicaid spend-down requirements. This will provide Florida residents with the additional benefit of dollar-for-dollar asset protection in the event they utilize their policy benefits and need to seek continued benefits through Medicaid.
Florida's LTC Partnership Program was the second state to adopt and implement a Partnership Program as described in the Deficit Reduction Act of 2005, and currently there are only a few carriers that offer a Florida long-term care insurance partnership policy. LTC insurance policies are eligible for the Partnership Program if the appropriate age required options are chosen:
- Age 18-60: Compound inflation required
- Age 61-75: Some form of inflation is required (simple or compound)
- Age 76+: No inflation required (may be purchased by choice)
For further information on the Florida Long-Term Care Partnership Program, click here.
What is Long-Term Care (LTC)?
Long-term care is when
you are no longer able to care for yourself due to suffering
from a cognitive impairment such as Alzheimer's Disease, or you
need assistance in performing your Activities of Daily
Living (ADLs) such as dressing, bathing, eating, toileting,
transferring, and continence for an extended period
of time. Long-term care services are usually performed
in a nursing home, assisted living facility, in your
own home, or in a community based setting. Many people
believe that long- term care is only for older people,
when in fact the needs for long-term care can strike anyone at anytime
due to an accident or a debilitating
One of the most common
misconceptions is that Medicaid and Medicare will pay
for LTC. However, beyond the limited long-term care benefits provided by Medicaid and/or Medicare (assuming that you meet the eligibility requirements for one or both), you are responsible for your long-term care costs, whether you choose to purchase a long-term care insurance
policy to cover some or all of the cost, pay for the care out of
your pocket with your assets, or rely on a family
member to provide your long-term care.
FL Long Term Care Partnership
www.floridapartnershiponly.com - is your complete source for the FL LTC
Insurance Partnership Program. Learn all you need to know about
the LTC Partnership Program and request LTC Insurance quotes today on the top LTC Insurance carriers. FL LTC
covers USA only. Florida Long Term Care - FL LTC
- Florida LTC Partnership - FL Long Term Care
This is a solicitation of insurance. By filling out this request for quote, you are requesting a licensed insurance agent to contact you by telephone.