The following states have gained partnership status and will be implemented: Kansas and Pennsylvania.
The Partnership Program is designed to enable those who have purchased a qualifying policy to protect their assets from Medicaid spend-down requirements on a dollar-for-dollar basis, equal to the amount of any long-term care insurance benefits received. An individual who purchases a qualifying Partnership policy must first exhaust their policy benefits before being eligible to qualify for Medicaid benefits, to cover ongoing care. In order for the LTC policy to qualify, certain policy conditions must be satisfied:
- The policy must be tax qualified. Mutual of Omaha’s tax-qualified coverage meets this requirement
- The insured must be a resident of the state where the policy is purchased at the time the Partnership policy is purchased
- The policy must offer inflation protection based on specific age brackets at time of purchase
Mutual of Omaha has filed for Partnership in all states where MutualCare® Solutions is approved and Partnership is available. You will be notified as approvals are received.
The Winflex software can be downloaded from SPA. Partnership will populate in states where we have received approval. Please see below when Winflex will be ready in your state.
- Available now in the following states: AL, AR, CO, GA, IA, LA, ME, MN, NE, NH, OR, SC, TN, TX, WA, and WV
- Available November 1, 2013 in the following states: KS, MO, NC, NV, OH, PA, RI, WI and WY
For additional details on Partnership policies and information visit our Partnership page on SPA.
If your state has approved Partnership and has a Partnership disclosure form you can find the application and disclosure on SPA.
States with approved Partnership: AL, AR, CO, GA, IA, KS, LA, ME, MN, MO, NE, NC, NH, NV, OH, OR, PA*, RI, SC, TN, TX, WA, WI, WV, and WY
*Please note: For Pennsylvania the applications have been updated to include the appropriate partnership information and should be utilized for new partnership LTC sales.