Long-term Care Partnership Programs Offer Asset Protection But No Savings to Medicaid

July 16, 2007 Long-term Care Partnership Programs Offer Asset Protection But No Savings to Medicaid Long-term care partnership programs, which allow individuals to exempt some portion of their personal assets from Medicaid eligibility requirements, are unlikely to result in Medicaid savings. In four states — California, Connecticut, Indiana, and New York — partnership programs are required to offer asset protection benefits such as inflation protection and minimum daily benefit amounts. The impact of partnership programs on Medicaid spending is likely to be small because few partnership policyholders will exhaust their benefits and become eligible for Medicaid. These are findings of . . .