What does every employer need to know about the new State of California Partnership Program announced February 4, 2004?
The California Partnership for Long-Term Care is an innovative program of the State of California, Department of Health Services in cooperation with a select number of private insurance companies. These companies have agreed to offer high quality policies that must meet stringent requirements set by the Partnership and the State of California. These special policies are commonly called “Partnership policies”. This is the only group long-term care insurance plan, endorsed by the State of California. The State of California is allowing this plan special incentives and enhancements. These partnership policies are the only policies sold in California that contain a special lifetime “asset protection” feature, and now there is finally a group partnership policy. This plan can be offered as a voluntary benefit, costing the employer nothing. Yet, there are real Employer Costs when there is no plan offered. Derendinger Insurance meets all broker requirements. What is an Insurance Broker? An In
