Indiana Long-Term Care Partnership policies combine private long-term care insurance with Medicaid asset protection. Only Indiana LTC Partnership policies provide this type of asset protection when you need nursing home, assisted living or home health care.
The unique asset protection benefits of an Indiana Long-Term Care Partnership policy apply if your long-term care needs last longer than the benefits of your LTC Partnership policy. For example, for every dollar your Indian LTC 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.
Indiana Long-Term Care Partnership Program rates are like traditional policies. Still, we recommend comparing them to non-Partnership policies because you may find alternatives better suited to your needs. This includes hybrid long-term care insurance plans not available under the Indiana Long-Term Care Partnership Program. Here are some common questions about the Indiana Long-Term Care Insurance Program.
Reciprocity applies when you buy a Long-Term Care Partnership policy in another State and then later move to Indiana. Because Indiana has reciprocity, you will not lose the special Partnership policy asset protection benefit by moving to Indiana. The State of Indiana would also recognize accumulated asset protection for Medicaid qualification, if you were already receiving long-term care benefits from your Long-Term Care Partnership policy before relocating.