NYS Partnership policies are often called the best value in LTC insurance, but why aren they for everyone?
A. Not everyone can afford insurance in the first place. For those who can, Partnership plans are basic coverage that includes reimbursement (vs indemnity or cash plans). Policyholders who live outside NYS must return to New York for Medicaid Extended Coverage (MEC) when their policy benefits are exhausted, and patients may not have control over what facility they’ll be in when and if the MEC benefit begins. Also, present Medicaid rules don’t allow private rooms unless a semi-private isn’t available in the facility.
Related Questions
- NYS Partnership policies are often called the best value in LTC insurance, but why aren they for everyone?
- A NYS Partnership policy differs from regular LTC insurance in several ways. The main difference is ________?
- Are LTC Partnership Policies more expensive than non-Partnership LTC insurance policies?
