Missouri To Start LTC Partnership Program

But Missouri insurance regulators note that producers in the state must make sure that a partnership program policy is suitable for a customer before telling the customer to exchange an existing policy for a partnership policy.

Producers who want to sell partnership policies in Missouri must get 8 hours of partnership program training.

The Missouri partnership program permits holders of partnership program policies to protect a dollar of assets for every dollar of qualified private LTC insurance benefits purchased, officials say.

In the past, Missouri residents had to spend all but $999.99 in assets before qualifying for Medicaid nursing home benefits.