 |
What is the Arkansas
Long-Term Care Partnership?
The Arkansas Long-Term
Care Partnership is a program authorized by Congress and the Arkansas
Legislature to encourage and recognize the efforts of Arkansans to
prepare for the financial impact of the need for long-term care. Qualifying for Medicaid normally requires a very
low-level of personal assets, often forcing seniors to spend
down their hard-earned money to qualify. With a Long-Term Care
Partnership policy, you’ll get to keep more of what you’ve
worked to earn and save over your lifetime, if you meet other Medicaid
eligibility requirements including the income standards. In its
calculation of eligibility for Medicaid benefits, Medicaid will
disregard or exclude assets equal to the amount of benefits paid under
a Long-Term Care Partnership policy.
|
