Wisconsin Long-Term Care Partnership Program 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 Wisconsin Long-Term Care Partnership policy apply if your care needs last longer than the benefits of your LTC Partnership policy. For example, for every dollar your Long-Term Care 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.
Wisconsin Long-Term Care Partnership policy 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 Wisconsin Long-Term Care Partnership Program.
Wisconsin Partnership Reciprocity
Reciprocity applies when you buy a Long-Term Care Partnership policy in another State and then later move to Wisconsin. Because Wisconsin has reciprocity, you will not lose the special Partnership Program asset protection benefit by moving to Wisconsin. The State of Wisconsin would also recognize accumulated asset protection for Medicaid qualification, if you were already receiving benefits from your Long-Term Care Partnership policy before relocating.