Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Consumer Guide to the Maryland Long Term Care Insurance Program

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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