Long-Term Care Insurance Partnership Plan

California is fortunate in that California Partnership policies are available to consumers. With a partnership plan, someone can purchase less than unlimited benefit amounts.

To qualify for Med-Cal to cover the costs of long-term care, individuals must spend down virtually all of their savings until they are considered at poverty level.

However, individuals who have purchased a Partnership policy will be able to retain savings and other investments equal to the amount their private insurance pays out for long-term care.

For example, if an individual has a two-year long-term care policy, but actually needs five years of care, their policy will pay benefits for two years (say, equal to $100,000) and Medi-Cal will allow them to keep $100,000 of their assets when determining their eligibility for Medi-Cal coverage for the remaining years.

Long Term Care Insurance Pros counsels families in Long-Term care planning and simplifies a complex subject. As Long-Term care specialists they are aware of the "sweet spots" of the top carriers. They simplify long-term care planning.