What is the Minnesota Long Term Care Partnership?
The Minnesota Long Term Care Partnership is a public/private arrangement between long-term care insurers and Minnesota’s Medical Assistance program. It enables Minnesota residents who purchase certain long-term care insurance to have more of their assets protected if they later need the state to help pay for their long-term care. Minnesota is using this approach to give persons greater control over how they finance their long-term care and to help shore up the public safety net against coming demographic pressures. Learn more by visiting the Minnesota Long Term Care Partnership website.
Related Questions
- Once the term of the partnership is reached does the Occupier get credit for the amount of money initially put into the down payment before the appreciation is split?
- How are partnership plans affecting the sale of long term care insurance?
- What is New York State Partnership for Long Term Care Program?
