Great news! You will be able to offer Partnership in IL starting on January 1, 2019. The Partnership Program is designed to allow those who have a qualifying policy to protect their assets from Medicaid spend-down requirements on a dollar-for-dollar basis, equal to the amount of any long-term care insurance benefits received.
For a policy to be eligible for Partnership, it must:
- Be tax-qualified (MutualCare® Solutions policies meet this requirement)
- Be purchased in a state where Partnership is approved
- Have inflation protection based on specific age brackets at time of purchase
The Winflex and MutualCare® Solutions software will be updated with IL Partnership on 1-1-19. For more information on LTC Partnership, click here to access our page on SPA (Login required).
LTC Partnership Approved in Illinois
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