Florida Long-Term Care Partnership Program

A partnership between Medicaid and private LTC insurers encouraging private LTC purchase by granting dollar-for-dollar asset protection: every dollar a partnership policy pays in benefits shields one dollar of assets from Medicaid spend-down requirements when the policyholder later applies for Medicaid LTC assistance. A partnership policy must: be a tax-qualified LTC policy; be issued to a Florida resident (or a resident of a reciprocal-agreement state) when coverage became effective; and carry inflation coverage meeting standards based on the insured's then-attained age. Insurers must give a letterhead disclosure notice of partnership status — and must explain in writing how any policyholder action would forfeit that status and how to keep it. Context: Medicaid is the largest provider of LTC services, available on financial need after spend-down.

Buy $200,000 of partnership LTC benefits, use them, and $200,000 of your savings becomes invisible to Medicaid's means test.