As of September 1, 2007, Virginians are able to purchase a new type of long-term care (LTC)
insurance policy- a LTC Partnership policy.
The LTC Partnership is an alliance between the private insurance industry and Virginia state government to help Virginians afford future long-term care services without depleting all of their assets to pay for care. LTC Partnership policyholders who use their LTC Partnership insurance policy benefits and who eventually apply for Medicaid coverage are able to maintain some level of assets (equal to the LTC insurance benefit paid) above the $2,000 Medicaid asset limit currently in placefor eligibility purposes. Click the link below to find out more.
www.valtcpartnership.org
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