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Long Term Care Insurance Partnership Plan for Florida

   There is exciting news in the long term care insurance industry for the State of Florida.  As of July 30, 2007 Genworth Financial now has a partnership long term care insurance plan approved in the State of Florida... 

...For those who are not familiar with long term care insurance partnership plans will discover that this new option will protect dollar for dollar a person's  from the Medicaid spend down rule.  Simply put, if you have a qualified long term care insurance partnership plan and you use $500,000 of policy benefits and then run out, you can immediately qualify for Medicaid assistance and protect $500,000 of your assets.  Other long term care insurance companies such as John Hancock and MetLife will probably follow suit with their own partnership plan in the future but as of today Genworth is the only major company to have a partner ship plan available for Florida residents.

    New York, Connecticut, California, and Wisconsin already have long term care partnership plans.

   At LTCtree.com we see the value in these long term care insurance partnership plans and will be happy to provide as many details on your options as you like.  Please fill out the form below to learn more and get your quotes today and learn how the new Florida Department of Insurance Long Term Care Insurance Partnership plan can benefit you during your retirement with proper planning. 

Last Updated ( Thursday, 30 August 2007 )
 

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