Louisiana 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 Louisiana Long Term Care Insurance 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.
Louisiana Long Term Care Insurance Partnership policy rates are like other policies. Still we recommend comparing them with non-Partnership policies because you may find other options better suited to your needs. This includes Hybrid Long Term Care Insurance plans not available under the Louisiana Long Term Care Partnership.
Louisiana Partnership Reciprocity
As of July 7, 2023, Louisiana does not have reciprocity with other states. The Louisiana Long-Term Care Partnership Program is working to establish reciprocity with other states. In the interim, Louisiana will grant the asset disregard program to policyholders who purchased Partnership policies in other states.
Reciprocity allows you to buy a qualifying Long-Term Care Partnership Program policy in another state and maintain the special asset protection benefit if you move to a state with reciprocity.