2020 Partnership Minimum Benefit Requirements for CA, CT, IN and NY

Each year, the original Partnership states (CA, CT, IN and NY) revisit certain minimum benefit requirements to qualify for their Partnership programs. The requirements that are changing for 2020, as well as some (but not all) minimum Partnership requirements that not changing, are listed below.

California Partnership
The following minimum benefit requirements for Partnership in California are changing for 2020.

Requirements 2019 2020
Minimum Daily Benefit $220 $230
Minimum Monthly Benefit $6,820 $7,130

 

Connecticut Partnership
The following minimum benefit requirements for Partnership in Connecticut are changing for 2020.

Requirements 2019 2020
Minimum Daily Benefit $283 $291
Minimum Monthly Benefit $8,608 $8,851

 

Indiana Partnership
The Total Asset Protection for the Indiana Partnership program has increased from $390,035 in 2019 to $409,537 for 2020. The Benefit Increase Options and Daily or Monthly Minimum requirements remain unchanged as follows:

Requirements 2019 2020
Minimum Total Coverage for Total Asset Protection $390,035 $409,537
Minimum Daily Benefit $115 $115
Minimum Monthly Benefit $3,500 $3,500
Benefit Increase Option 5% Compound 5% Compound
 

A policy that does not meet the requirements for Total Asset Protection can qualify for Dollar for Dollar Asset Protection under the Indiana Partnership Program, provided the policy has a Benefit Increase Option of:

  • 5% Compound for ages 74 and younger; and
  • 5% Compound or 5% Simple for ages 75 and older

New York Partnership
The minimum daily benefit required in 2020 for New York Partnership Plus plans will be $337. Because this amount is higher than the current maximum daily benefit available, we will change the daily benefit amount for New York Partnership Plus plans to $337 to accommodate the partnership requirements. The maximum daily benefit amount for Privileged Choice Flex 3 (not eligible for Partnership) in New York will remain $300.

Requirements 2019 2020
Minimum Daily Benefit $326 $337
 

 

Policy Issue

  • CA, CT, and NY Partnership minimum requirements are based on the date of application.
  • Indiana Partnership minimum requirements are based on effective date.

Quote Tools
Quest reflects the new Partnership minimum amounts as of 1/4/20. Quote It! was updated on 1/13/20 to reflect the new Partnership minimum amounts.

If we receive a Partnership application with minimums that are less than those necessary to meet 2020 Partnership requirements, we will amend the application to reflect the 2020 requirements.

Important note:

  • As of 1/13/20, Quote It! will only be available for illustrations in California. All other states will be removed from Quote It!, and illustrations for those states must be run using eSuite. The offline (disconnected) version of Quote It! will no longer be available for updates or downloading.
  • Prior to soliciting new business, verify your producer license is in good standing, you have completed all required CE, and you are in compliance with all applicable licensure requirements. Applications will be returned if all such requirements have not been met as of the date of the application. For up-to-date information on Genworth applications, education and training statuses to go https://pro.genworth.com.

 
2020 Partnership Minimum Benefit Requirements for CA, CT, IN and NY
 

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