Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

States Approve LTC Products

X
Your article was successfully shared with the contacts you provided.

LifeSecure Insurance Company says 6 states have approved its partnership long term care insurance policies.

LifeSecure, Brighton, Mich., a subsidiary of Blue Cross Blue Shield of Michigan, Detroit, says the policies have been approved by regulators in Colorado, Florida, Nebraska, Ohio, Oregon and South Dakota.

LTC partnership policies permit individuals who exhaust private LTC insurance benefits to protect some of their assets before drawing on Medicaid nursing home benefits.

Medicaid rules normally require consumers to spend all but $2,000 of their assets before it will pay their nursing home bills.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.