What Is the New York State Partnership for Long-Term Care?

The New York State Partnership for Long-Term Care program is designed to assist the residents of New York in planning for the cost of long-term care. The Partnership program combines private Long-Term Care Insurance with Medicaid Extended Coverage to provide New Yorkers a lifetime of long-term care benefits.

How can you benefit by purchasing a Partnership policy?

By purchasing long-term care insurance that meets the State’s minimum requirements, you become eligible for a special Medicaid program called “Medicaid Extended Coverage.” With this program, your long-term care is covered without requiring you to use up your assets.  Essentially, you have arranged for lifetime care.

What makes Partnership policies different from other long-term care insurance policies?

  • Lifetime Coverage – Use of Medicaid Extended Coverage when the private policy benefits are exhausted results in a lifetime of coverage for long-term care.
  • A variety of health-care options,  including nursing homes, assisted living, home care, and hospice care
  • Inflation Protection – built in at 5% per year
  • Guaranteed renewable regardless of health changes

Next Steps:

The information in this post is general in nature, and geared toward insurance conditions in Western New York.  As always, you should speak with an insurance adviser to determine your specific insurance needs.

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