|
Long-Term Care Insurance Florida Partnership Program |
Florida Partnership Resource Center
Are you here because you're looking for information on the Florida Long-Term Care Partnership Program? We are here to help, with links to resources, quotes, and other information. Florida's LTC Partnership provides residents with incentives to purchase long-term care insurance.
News Release:
FLORIDA'S OFFICE OF INSURANCE ANNOUNCES THE LONG-TERM CARE FLORIDA PARTNERSHIP PROGRAM
TALLAHASSEE - The Florida Office of Insurance Regulation announced on 07/27/2007 the adoption of standards applicable to new and existing long-term care insurance policies under the new Long-Term Care Partnership Program, effective July 29, 2007. The purpose of the plan is to encourage people to plan for the risk of needing Long Term Care by purchasing long term care insurance as opposed to depending on Medicaid and Medicare.
Florida's Long-Term Care Partnership Program is designed to encourage people to purchase private long-term care insurance by offering them the option to exempt some or all of their assets dollar of insurance for dollar of exemption from Medicaid spend-down requirements. Note that Partnership policyholders are still required to meet Medicaid income eligibility thresholds before they may receive Medicaid benefits.
Long Term Care Insurance companies issuing or marketing long-term care policies that qualify as Florida Long Term Care Insurance Partnership policies must notify all of its policyholders with existing long-term care policies issued on or after March 1, 2003, of the benefits associated with a Florida Partnership long term care policy and offer the optional exchange.
Florida Insurance Commissioner Kevin McCarty said: "Floridians have a new option to consider as they plan for their long-term care needs. They have a private insurance option for long-term care that enables them to protect some of their assets should they ever need Medicaid's help to pay for their long-term care expenses."
The Florida Long Term Care Insurance Partnership plan is a solid plan for many people, but has many moving parts. We recommend seeking professional advise when researching the partnership plan. At LTCtree.com we work with most all of the major carriers so just simply fill out the form below and we will rush you your information on the new State of Florida Long Term Care Insurance Partnership plan.
|
|
Last Updated ( Tuesday, 22 July 2008 )
|
Request FREE Quotes Below:The smart and easy way to shop for Long Term Care Insurance To receive your free policy comparisons and quotes, please complete this simple, secure form below. Then, sit back and relax. We will shop the market and provide you with exact quotes. You no longer need to move from company to company in search of the best product to fit your needs because we work with the major Long Term Care Insurance carriers. Your customized analysis includes: -
A review of each company's financial stability ratings, claims experience, and size.
-
A thorough, side-by-side comparison of each company's policy features.
We cover the similarities and the differences. -
Price comparisons customized to suit your specific needs from top carriers such as MetLife, Genworth, New York Life, MassMutual, Mutual of Omaha, Prudential Financial, and more.
Carriers quoted will depend on your state. Completing this form does not bind you to any insurance policy. » Click here to get quotes.
|
|
