There are two significant differences between Long-Term Care Partnership and non-partnership policies.
- Partnership policies carry an endorsement from the state that they meet minimum standards in terms of policy benefits.
- Partnership policies include a feature known as Medicaid Asset Protection. Protected assets will be disregarded for the purposes of determining financial eligibility for Medicaid, if an individual needs to apply for Medicaid to help pay their long-term care bills. Only Partnership policies provide Medicaid Asset Protection.