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URL:  http://boards.fool.com/quotunder-certain-limited-conditions-medicare-30772205.aspx

Subject:  Re: Big Problems wth LongTermCare Insurance Date:  7/12/2013  9:27 AM
Author:  Hawkwin Number:  72576 of 75531

"Under certain limited conditions, Medicare will pay some nursing home costs for Medicare beneficiaries who require skilled nursing or rehabilitation services. To be covered, you must receive the services from a Medicare certified skilled nursing home after a qualifying (3-day) hospital stay."

Thank you for this clarification.

Again, wrong. In this cae, the MAXIMUM that would be protected is $547K, because that's the most the policy will pay. Everything above that is on your dime.

Then the policy you are looking at is not a fully covered partnership policy. That does not make me wrong, that makes your policy wrong. I stated that it could be unlimited. Partnership policies can be unlimited.

http://www.completelongtermcare.com/resources/partnership-lt...

•1. Dollar-for-dollar Asset Protection - For every $1 of insurance benefits paid by a Partnership policy, a minimum of $1 worth of asset is protected. A chart showing effective date of policies with their corresponding State-set dollar amount is used to determine whether the policy you purchased has this type of asset protection.If the maximum benefit of your policy is less than the corresponding State-set dollar amount based on your policy's effective date, you may earn Dollar-for-dollar Asset Protection.
•2. Total Asset Protection - All assets will not be considered in determining Medicaid eligibility. Again, using the chart, if the maximum benefit of your policy is equal or greater than the corresponding State-set dollar amount based on your policy's effective date, you may earn Total Asset Protection. Policies that do not qualify for this type of asset protection will automatically earn dollar-for-dollar asset protection.

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Check with your state and see if that policy qualifies for Total Asset Protection.
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