Wednesday, January 18, 2006
MetLife Offers Redesigned Policies for New York State Partnership for Long-Term Care
MetLife is the first carrier to offer redesigned New York State Partnership for Long-Term-Care (NYSPLTC) insurance policies to individuals in the state of New York. These policies were designed to provide more long-term care options to a wide range of New Yorkers.
The goal of NYSPLTC-certified policies is to help protect the financial independence of New Yorkers who may need long-term care services. These are the only policies sold in New York that can provide a special "asset protection" feature. This feature assures that New Yorkers will not be forced to spend down all of their assets to become eligible for lifetime Medicaid coverage for long-term care services should they require them beyond the policy's benefit duration. Without a Partnership-certified policy, New Yorkers can only achieve similar protection against the costs of long-term care by purchasing lifetime or unlimited long-term care insurance coverage, something many New Yorkers may not be able to afford.
MetLife Offers Redesigned Policies for New York State Partnership for Long-Term Care
Source: Yahoo! Finance
The goal of NYSPLTC-certified policies is to help protect the financial independence of New Yorkers who may need long-term care services. These are the only policies sold in New York that can provide a special "asset protection" feature. This feature assures that New Yorkers will not be forced to spend down all of their assets to become eligible for lifetime Medicaid coverage for long-term care services should they require them beyond the policy's benefit duration. Without a Partnership-certified policy, New Yorkers can only achieve similar protection against the costs of long-term care by purchasing lifetime or unlimited long-term care insurance coverage, something many New Yorkers may not be able to afford.
MetLife Offers Redesigned Policies for New York State Partnership for Long-Term Care
Source: Yahoo! Finance
Permalink posted by armandn @ 7:26 AM 
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