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New York Life

Long Term Care Partnership

51 Madison Ave, New York, NY, 10010-1655

Distance: 47 Miles

(800) 225-5695

Website

https://www.newyorklife.com/products/long-term-care-insurance

Service Details

Description

This program, run by the Minnesota Department of Commerce, certifies federally tax-qualified long-term care insurance policies from insurance companies that meet Partnership rules.


People who use the benefits from a Partnership-certified policy are able to protect some assets if at some point in the future they need to apply for Medical Assistance (Medicaid). This can help them qualify for Medical Assistance sooner. The state will disregard their assets equal to amounts paid out under the certified Partnership policy.


In most cases, the policy must have been issued after July 1, 2006 to qualify as a Partnership policy.


Information about long-term care insurance


Features

  • Specialization
    • Older adults 

Eligibility

Underwriting (health screening) is done prior to the sale of a policy which could result in a company refusing to insure an applicant


Application Instructions

Must complete insurance application


ADDITIONAL INFORMATION:
The Twin Cities office can be reached at (952) 897-5000. Offices can be found state-wide using their online office locator tool.


Fees

Premiums vary according to company and benefits


Business Hours

9:00am - 7:00pm, Monday - Friday (Eastern Time)


Area Served

State of Minnesota


Websites

Phone Numbers

Type Number Hours
Toll Free (800) 225-5695

Last Update

1/23/2020

Other Locations

This provider does not offer this service at other locations.

Other Services or resources

This provider does not offer other services or resources at this location.

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