A new long-term care insurance program can help Alabama residents
protect their assets if they ever have to apply for nursing home assistance
from Medicaid. The Alabama Long-Term Care Insurance Partnership Program, a
collaboration between Alabama Medicaid and the Alabama Department of
Insurance, allows Medicaid to disregard, or exclude, the benefits paid under
an approved policy when determining an applicant's financial eligibility for
long-term care.
First available on March 1, 2009, Partnership policies look like regular
long-term care insurance policies except they must include inflation
protection to keep up with the rising cost of long-term care services and
meet IRS and other requirements. Only policies certified by the Alabama
Department of Insurance qualify as Partnership policies.
To learn more about the Partnership Program, click on one of the links
below:
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News Release - Issued 3/27/09
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Bulletin-
Detailed information and guidance issued by the
Alabama Department of Insurance
-
FAQs
- Frequently asked question about the Partnership
Program
Related Links:
For more help recipients should call 1-800-362-1504.