New York State Partnership for Long-Term Care
The New York State Partnership for Long-Term Care is a unique program combining long-term care insurance and Medicaid Extended Coverage. Its purpose is to help New Yorkers financially prepare for the possibility of needing nursing home care, home care or assisted living services someday. The program allows New Yorkers to protect some or all of their assets (resources), depending on the insurance plan purchased, if their long-term care needs extend beyond the period covered by their private insurance policy.
If you buy New York State Partnership for Long-Term Care insurance from participating insurers, use the benefits according to the conditions of the program, and you are a New York State resident, you can apply for New York State Medicaid Extended Coverage which may assist in paying for your ongoing care. Unlike regular Medicaid, Medicaid Extended Coverage allows you to protect some or all of your assets, depending on whether you select a Dollar for Dollar Asset Protection plan or a Total Asset Protection plan. However, your income is countable in determining your eligibility for Medicaid Extended Coverage.
The Partnership was created to help New Yorkers finance long-term care without impoverishing themselves or signing over their life savings, with the accompanying loss of dignity. In the long run, the program will help reduce New York's Medicaid long-term care expenditure - over $9 billion in 2003. The Partnership offers New Yorkers and New York State a better alternative.
Agent Training
We have developed an e-learning course that is entirely on-line. After completing the on-line course you must take a monitored exam. Please click here for the introductory page. This on-line training is for agents who have not been certified to sell NYS Partnership. If you are already certified to sell NYS Partnership policies it is NOT MANDATORY to do this e-learning. If you would like to do the training without receiving CE credits or paying the $100 fee you can still sign into the training to learn about the new product 2-4-50 total asset, 3.5% compound inflation protection, and reciprocity. The changes to the e-learning reflecting the changes to the NYS Partnership have been added.
Important Changes to the NYS Partnership in 2012
Please click here for news on the Partnership's enhancements for 2012.
Link to the map with reciprocal states.
First time visitors
If you're new to the Partnership, you might find it helpful to download our brochure. You may also obtain the publication by emailing the Partnership, or by calling toll free 1-866-950-7526.
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