CMS Announces Program to Protect Medicaid Beneficiaries’’ Assets From Estate Recovery

August 21, 2006

CMS Announces Program to Protect Client’s Assets From Estate Recovery

On July 27, 2006, the Centers for Medicare and Medicaid Services (CMS) announced a “Long-Term Care (LTC) Partnership” program that will allow Medicaid beneficiaries needing long-term care (LTC) to protect their assets from estate recovery. Under the new program, state Medicaid programs may now disregard assets that match dollar-for-dollar the amount paid to an applicant by a private LTC insurance policy when determining if the applicant meets the asset limits for Medicaid eligibility. These changes to the Deficit Reduction Act of 2005 . . .