Long Term Care Partnership Plans Provide Additional Asset ProtectionMay 5th, 2017
The financial costs and burdens of aging will impact you, your family, your savings and your lifestyle. This is why having an affordable plan to address these concerns should be part of your retirement plan. Your future retirement should be protected. Many people are unaware of a joint federal/state program which provides additional asset protection. The partnership program was created as a way consumers can protect assets with certain qualified long-term care insurance plans.
The Long-Term Care Partnership Program is a public-private partnership between states and private insurance companies, designed to reduce Medicaid expenditures by delaying or eliminating the need for some people to rely on Medicaid to pay for LTC services. Most states have these programs in place. Be sure to ask me if a partnership plan would be an affordable way to safeguard your savings and ease the burden extended care places on your loved ones.
Read the full article here from LTC Planning News: http://longtermcareplanningnews.com/articles/partnership-plans-provide-additional-asset-protection