04.11.2023 - LTCi
Breaking Down LTCI Partnership Policies
Presented by Lori Gubash, CLTC, FICF, Krause & Associates
In this webinar, The Krause Agency’s National LTCI Director, Lori Gubash, CLTC, FICF, discussed what a state partnership policy is and how they benefit your client. State partnership policies can be a great option for clients considering in long-term care insurance. These policies work in conjunction with the Medicaid program to provide your client an additional resource allowance should they exhaust their LTCI benefits and turn to the State for assistance in paying for long-term care.
Although surprised that Lori shared personal info about her sister and marital status, these stories crystallized how important LTC coverage is, whether benefits are paid by a private insurer or Medicaid.
- Lawrence F.
I learned that hybrid LTC policies don't qualify for partnership coverage. Also that policy revisions might still provide partnership qualification depending on what is modified and the age.
- Michele A.
I learned to have clients specifically say how they will want to model their spend down if they self-fund LTC.
- Charles D.