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I am certified to offer "State Partnership Policies" in the states of Nebraska and Iowa. These are Long-Term Care Policies that are accepted by these states' "Partnership Program." Here is a synopsis of that program taken from a letter dated August 31, 2007 from then Nebraska Department of Insurance Director L. Tim Wagner along with links to the Department of Insurance's web site explaining more:

"The Nebraska Long-Term Care Partnership Program" provides asset protection to purchasers of qualified long-term care insurance policies covered by the Nebraska Long-Term Care Partnership Program. Specifically, the asset eligibility and recovery provisions of Nebraska's Medicaid program are modified by disregarding assets equal to the insurance benefits received from Partnership Policies, thus permitting individuals to protect assets from spend-down and estate recovery requirements if Medicaid assistance is ever needed."

CLICK HERE for the Iowa Long-Term Care Partnership Program Consumer Guide.

Practical Interpretation / Example:  If you have an eligible Long Term Care policy that covers up to $500,000 of expenses and you have exhausted that policy, you are allowed to receive Medicaid benefits in the State of Nebraska while still keeping up to $500,000 of your personal assets.

Another site of interest for Nebraskans wanting to begin planning for their long-term care needs is The Good Life, Longer. It is the site for Nebraska's Long-Term Care Savings Plan. I write traditional as well as asset-based long term care products. Call today for a no obligation quote:

Phone 991-2894
Toll Free (866) 991-2894
email:  Bill@neumanfinancial.com