For example, let's say your estate is valued at $600,000.
You purchase a partnership qualified Long-Term Care Insurance policy with a $300,000 pool of
You need long-term care.
You file a claim with the insurance company, you exhaust the full pool of money ($300,000) but you
still need long-term care.
If you apply for Medicaid, you have just sheltered $300,000 of your estate.
In other words, you shelter dollar-for-dollar, of your assets.
For each dollar the insurance company paid for your care, you have sheltered the same amount of