The Florida Long-Term Care Partnership Program stands as a collaborative effort between Medicaid and private insurance companies, designed to promote the purchase of long-term care insurance. This program offers significant advantages to policyholders. Policies under the Florida Long-Term Care Partnership are federally tax-qualified, potentially allowing for tax deductions on premiums. Furthermore, they incorporate inflation protection to maintain benefit value over time. Critically, these policies provide dollar-for-dollar asset protection should a policyholder require long-term care Medicaid assistance. This means for every dollar paid out by a partnership policy in benefits, a dollar of your assets is shielded from Medicaid’s asset spend-down requirements, securing your financial legacy.
Legal Foundation of the Partnership Program
The establishment of the Florida Long-Term Care Partnership (LTCP) Program is authorized by Florida Statutes, specifically section 409.9102, and further detailed in Rule Chapter 69O-157.201 of the Florida Administrative Code. These legal documents, accessible through the links below, outline the framework for this public-private partnership, ensuring its legitimacy and operational guidelines.
Key Florida Statutes and Administrative Codes
For detailed information, refer to these key legal resources:
- Chapter 409.9102 Qualified state Long-Term Care Insurance Partnership Program in Florida
- Chapter 627.94075, Florida Statutes, A qualified state Long-Term Care Insurance Partnership Program in Florida
- Chapter 627.94076 Time limit on certain defenses
- Chapter 627.9403 Scope, Insurance Rates and Contracts
- Chapter 627.9407 Disclosure, advertising, and performance standards for long-term care insurance
- Chapter 641.2018 Limited coverage for home health care authorized
- Chapter 69O-157.201 Standards For Approved Long-Term Care Partnership Program Policies
- Chapter 69O-157.1155 Producer Training
- Chapter 65A-1.712 SSI-Related Medicaid Resource Eligibility Criteria
Additional Resources
Further information can be found in the Florida Medicaid State Plan Amendment and an OPPAGA report:
- 2.6–A Supplement 8c, Eligibility Conditions and Requirements
- Office of Program Policy Analysis & Government Accountability (OPPAGA) Report No. 09-08
To enhance your understanding, explore our FAQs and Resources and Links pages.
Disclaimer: The mention of any products, services, or companies is for informational purposes and does not imply endorsement or recommendation by the State of Florida Agency for Health Care Administration. Purchasing a partnership policy does not guarantee Medicaid eligibility.
