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November 21, 2005 at 07:00 PM
Members of the House kept a section that could expand the long term care insurance partnership program in a major bill passed late last week.[@@]
House members voted 217-215 to approve the bill, H.R. 4241, the Deficit Reduction Act of 2005.
State LTC partnership programs encourage residents of those states to buy approved private LTC insurance policies. If the program participants exhaust private LTC assets, then they can protect more assets than usual and still qualify for Medicaid nursing home benefits.
Today, partnership programs exist only in California, Connecticut, Indiana and New York.
