State RegulationsGA specificDifficulty 1/5
What is the primary consumer benefit a Long-Term Care Partnership-qualified policy provides under Georgia's LTC Partnership program?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
The Georgia Insurance Department administers the Long-Term Care Partnership program, under which qualified LTC policies provide Medicaid asset protection: a policyholder who exhausts partnership benefits can qualify for Medicaid while keeping assets that would otherwise be counted. The program rewards planning ahead with private long-term care coverage.
Why the other options are wrong
- A) Partnership-qualified policies are underwritten like other LTC policies — guaranteed issue is not the program's benefit.
- C) A premium refund for unused coverage describes a return-of-premium feature, not the partnership benefit.
- D) The state does not pay nursing home bills directly under the partnership — the benefit is asset protection in Medicaid eligibility.
Memory hook
Partnership = private LTC dollars shelter assets for Medicaid.