Module Summary

There was a lot of new information presented in this section! Answer the following questions to review what you have learned.

1. What is the PAL?

The PAL, the Protected Asset Limit, is the total value of assets that can be protected from being considered a counted asset and from estate recovery. The PAL is equal to the amount of benefits paid out by the Partnership policy since July 1, 2006.

2. Who determines the PAL?

Initially, the PAL will be communicated to you through the HealthQuest response. At each annual renewal you will be contacting the insurance company for that information until the insurance benefits are exhausted.

3. When can assets be protected?

Once the PAL is established, assets may be protected at any time as long as the LTCP criteria are met, including at the time of MA-LTC request, annual renewal or after the MA-LTC client’s death.

4. Which assets cannot be protected?

The following assets cannot be protected:

A special needs trust.

A pooled trust.

An annuity that is required to have DHS designated as the PRB.

The portion of an asset not owned by the client.

5. What do you do when only part of the value of real property can be protected?

When part of the value of the real property is in excess of the PAL, you must first determine if the value of the unprotected portion is counted or is excluded (ex. homestead). Submit an MA Lien noting the value of an asset that is protected.

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Page 9

Initial Protection

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