Georgia Long-Term Care Partnership policies are available. Partnership policies combine private long-term care insurance with Medicaid asset protection. Only Partnership policies provide this type of asset protection when you need Nursing Home, Assisted Living or Home Care.
The unique asset protection benefits of a Georgia Long-Term Care Partnership Program policy applies if your long term care needs last longer than the benefits of your Partnership policy.
For every dollar your Partnership policy pays in benefits, a dollar of assets is protected from the long term care Medicaid asset limit. The protected assets are also exempt from Estate Recovery in the same amount as the benefits paid by your Partnership policy.
Georgia Long-Term Care Partnership policy rates are like regular policies. We still recommend comparing them with regular long-term care insurance Georgia policies because there may be alternatives better suited to your needs. This includes hybrid long-term care insurance plans not available under the Georgia Long-Term Care Partnership.
Georgia LTC Partnership Reciprocity
Georgia does participate in the national reciprocity agreement. Reciprocity allows you to buy a qualifying Long-Term Care Partnership policy in another state and maintain the special asset protection benefit if you move to Georgia. The State of Georgia will also recognize accumulated asset protection for Medicaid qualification if you’re already receiving benefits from your LTC Partnership policy before moving to Georgia. The majority of states have Reciprocity, but not all.