1. | What can a state government gain by establishing a long-term care partnership program? |
| A partnership program can increase the number of people covered by private long-term care insurance and so reduce the number who end up relying on Medicaid. |
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2. | In a long-term care partnership program, "partnership" refers to the collaboration between what two parties? |
| The public sector (state government) and the private sector (insurance companies). |
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3. | Participation in a state long-term care partnership program is available to residents of the state who (buy an LTCI policy / buy an LTCI policy meeting certain requirements). |
| Buy an LTCI policy meeting certain requirements. |
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4. | If a person has a partnership LTCI policy and needs long-term care, his care is most commonly paid for by (the LTCI policy / Medicaid / both the LTCI policy and Medicaid). |
| The LTCI policy. |
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5. | For an insured, what is the advantage of a partnership LTCI policy? |
| If the insured needs long-term care for such a long time that he uses up the benefits of his LTCI policy and is forced to apply to Medicaid, he is not obligated to spend all the assets he otherwise would. |
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6. | What does a partnership LTCI policy offer someone of modest means? |
| If she has some assets, she can buy a small amount of coverage for a low premium and protect her assets if she has to go on Medicaid. |
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7. | If a person exhausts his partnership LTCI benefits, Medicaid coverage (is / is not) guaranteed. |
| Is not. |
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8. | What are the four original partnership states? |
| California, Connecticut, Indiana, and New York. |
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9. | What action did the federal Omnibus Budget Reconciliation Act of 1993 (OBRA 93) take in regard to partnership programs? |
| It required any new programs to apply estate recovery to protected assets, effectively putting a halt to expansion of the programs. |
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10. | What do all four of the...