Number: RL32610
Title: Medicaids Long-Term Care Insurance Partnership Program
Authors: Julie Stone-Axelrad, Domestic Social Policy Division 
Abstract: The majority of partnership policies purchased offer comprehensive benefits that include coverage of nursing home stays and home care. All of the partnership states require that policies be protected against inflation for at least some of its purchasers. Surveys conducted in California and Connecticut show that almost half of partnership purchasers have assets of greater than $350,000 and a survey conducted in Indiana shows that 60% of purchasers have assets of greater than that level (excluding the home). In contrast, an average of 20% of purchasers in California and Connecticut have assets of less than $100,000 (excluding the home). In New York, 8% of purchasers have assets of less than $50,000. This report provides a summary of the experiences of four states  California, Connecticut, Indiana and New York  in implementing the partnership program. It also discusses key issues raised by policymakers and others concerning the expansion of the partnership program to the national level. In addition, legislative proposals are discussed.
Pages: 31
Date: January 21, 2005