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 [1] program, including any assets the spouse may be allowed to keep. Purchasing a partnership policy does not guarantee qualification for Medicaid [1]; in order to be eligible for Medicaid [1], 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 [2]