Qualified Long-Term Care Partnerships Under the Deficit Reduction Act of 2005
July 27, 2006 Qualified Long-Term Care Partnerships Under the Deficit Reduction Act of 2005 The Deficit Reduction Act (DRA) will allow funds paid toward long-term care (LTC) under certain conditions to be disregarded when determining estate recovery obligations, in an amount equal to the LTC insurance benefits paid to, or on behalf of, an individual who has received medical assistance. A policy that meets all of the requirements specified in a Qualified State LTC Partnership agreement is referred to as a Partnership policy. The insurance benefits upon which a disregard may be based include benefits paid as direct . . .
