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Subject:  Re: Big Problems wth LongTermCare Insurance Date:  7/12/2013  11:45 AM
Author:  Hawkwin Number:  72585 of 81362

No offense, but you appear to be either confused, uninformed, or disingenuous.

Really? No offense?

No offense (I am being sarcastic) your reading comprehension is lacking. I quoted you the specific text that states otherwise. Don't blame me if you don't take time to read it.

You should instead simply thank me for the clarification, as I did you.

I have stated repeatedly that you should look more into what your state provides. Hell, tell me your state and I will even do it for you.

Here is it for Indiana:

How does the Medicaid Asset Protection feature work?
If you initially purchase a Partnership policy with less than the State-set dollar
amount* in benefits, one dollar of assets (dollar-for-dollar) is protected for
each dollar of Partnership policy benefits paid out. If you initially purchase
a Partnership policy with at least the State-set dollar amount* and have a 5%
compound inflation factor, all of your assets (total asset) are protected once
the policy has paid out all benefits.

Can I rely on this asset protection from Medicaid to protect my
In a word, YES! For example, if you bought a Partnership policy with a
maximum benefit pay-out of $150,800, you could protect $150,800 of your
assets. If you want to protect more or less of your assets, you may select a
policy with a higher or lower benefit pay-out. If you want to protect all
of your assets, you would need to purchase, at a minimum, the State-set
dollar amount of Partnership policy benefits.
For married couples, each
spouse would need to purchase his/her own policy for the greatest overall


And it doesn't actually provide any money for nursing home care. It just lets you go on Medicare while you still have some assets left.

I think you mean Medicaid, but yes, that is correct. Some or all.
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