Overview of LTCP
Below is an overview of the how the LTCP works.
- Client purchases LTC insurance.
- Client requests MA-LTC and meets all MA eligibility requirements.
- LTC insurance policy is submitted to HealthQuest to determine if it is a Partnership policy. If qualified HealthQuest will determine the amount of LTC benefits paid by the policy.
- Client may choose to protect assets up to the amount of benefits paid out by the Partnership policy.
- Protected assets are not counted in the client’s asset total when determining MA-LTC eligibility. They also can not be claimed against the estate for MA and AC costs.
Page 5
LTCP Basics