How much asset protection will my Indiana Partnership policy provide?
There are two types of asset protection - dollar for dollar and total asset protection. The type of asset protection your policy provides depends on the amount of coverage you initially purchased. If the amount of coverage you purchase equals or exceeds the State set dollar amount for the year your policy initially became effective, your policy will earn total asset protection. If you need to apply to Medicaid, Medicaid will not look at any of your assets when determining eligibility. All of your assets are protected regardless of their value with a total asset policy.A Partnership policy with dollar for dollar asset protection will provide asset protection equal to the amount paid out in benefits up to the policy maximum. For more information, please visit the Indiana LTCPartnership Program Website at www.longtermcareinsurance.in.gov.