Long term-care Partnership Programs have been in existence and being availed of by many Americans a few years back. The people California, Connecticut, New York and Indiana have been availing of the benefits of such policies since the early 90's. It it however introduced in Texas in the year 2009.

Any individual who decides to purchase a Long-term care Partnership policy will be entitled to the Medicaid Asset Protection feature. This serves as a security that you keep a dollar's merit of assets for every dollar you spend in the Partnership Policy for your long-term care benefits. In case you have exhausted the policy benefits that you have before you were able to apply for Medicaid, the Texas Partnership Policy for Long-term care allows you to still be able to avail Medicaid benefits. You can keep an amount of assets that Medicaid usually allows in Texas which is $2,000 with the addition of the assets equal to the amount that your Partnership Policy has spent paying out your long-term care. In Texas however, the asset protection will be disregarded under Medicaid estate recovery rules. It's necessary to know that while more and more assets can be protected with a partnership policy, the other Medicaid suitability rules are relevant including income limitations.

Texas Long-term care for retirees is one of the most unfunded accountabilities in families and the government today. That's why in recent times, federal and state legislators highlight the need for the government to support long-term care insurance policies for those who have not even planned for their future care. Conversely, many retirees who at first thought they could afford to insure their long-term care expenses are now having some problems and instead, they had no choice but to resort to protect their flinching assets in a down town market. This makes it even harder for the retirees to self-insure long-term care expenditures.

Policies that are qualified for Partnership are made to safeguard independence, quality of life and keep the assets protected. Texas Partnership long-term care policies have almost the same benefits, choices and discounts as non-Partnership Long-term care policies do. The only difference is that Partnership Policy insurers are not allowed to charge more than for a non-Partnership policy with the same benefits which include:

   1. Option of daily or monthly benefits
   2. Comprehensive coverage if home, adults day care and facility
   3. Option of ending period or deductible
   4. Option of benefit period
   5. Pool of money

For Texas retirees who have purchased long-term care policies on or after February 8, 2006, the effectual date of the Deficit Reduction Act, will have the chance to avail of a one-time offer to exchange their existing policy for a partnership policy given the condition that the policy holder must meet the mandatory age based inflation requirements which are the following:

   1. 60 and younger: automatic compound inflation
   2. 61–75: automatic compound or simple inflation
   3. 76 and older: inflation protection is unrestricted

With the help of a reliable insurer, the exchange offers should be made in black and white to policyholders.

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