What is the California Partnership and how does it work?
The California Partnership for Long Term Care Insurance (CPLTCI) is a partnership between state government and a handful of insurance companies. The primary purpose it to encourage people to protect their assets by purchasing a specially qualified long term care insurance policy. The inducement for the buyer is protection against Medi-Cal asset spend-down. CPLTCI policies typically meet or exceed traditional policies in terms of benefits with the added advantage of asset spend-down protection. While they may not be for everyone anytime an agent in California proposes anything less than lifetime benefits, they need to advise their client of the CPLTCI option. It is usually in the client’s best interest to consider a Partnership plan because of the spend-down feature and it protects the agent from a future E & O suit.
Per the website: Their goals include:
1) to win concrete gains in the lives of poor Californians; 2) to develop our collective political strength at the state level; 3) to strengthen organizations fighting crucial battles in their own communities; and 4) to strengthen California’s role in the national debate around poverty issues.You can join the partnership through a local chapter or even start your own if there are none in your area.
More information: http://www.california-partnership.org/
The California Partnership is a statewide coalition of community based organizations that fights poverty in California. We work together for our common goals by organizing and advocating at the local, state and national levels for the programs and policies that reduce and end poverty.
Related Questions
- We can register your Declaration of Domestic Partnership form SF-D1 with the Domestic Partnership registry at the California Secretary of States office in Sacramento on an expedited basis. What is a California domestic partnership registry?
- Can Autism Partnership be used to provide services funded by California Regional Centers?
- WHAT IS THE NEW CALIFORNIA SOLAR HOMES PARTNERSHIP?
