Consumer Guide to the Maryland Long Term Care Insurance Program

Partnership Policies

In states where approved, partnership policies provide protection of one dollar of personal assets for every dollar the policy pays out in benefits.  The total assets retained as a result of a partnership-qualified policy are above and beyond all the regular resource allowances under the Medicaid program, including any assets the spouse may be allowed to keep. Purchasing a partnership policy does not guarantee qualification for Medicaid; in order to be eligible for Medicaid, all of the then applicable requirements must be satisfied.  All states have not agreed to reciprocity.  The policy must state that it is partnership-qualified to have this asset protection.  Not all policies sold in MD are partnership-qualified.  A Consumer  Guide to the Maryland Partnership Long-Term Care Insurance Partnership Program