The Wisconsin Long-Term Care Insurance Partnership (LTCIP) program uses qualified private long-term care insurance coverage as a funding option to assist individuals in paying for their potential long-term care expenses. The program is intended to encourage the purchase of private long-term care insurance by allowing policyholders to protect some or all of their financial assets should they apply for Medical Assistance.
Individuals who purchase qualified Long-Term Care Insurance Partnership policies receive initial long-term care coverage from their private insurance carrier. If individuals subsequently seek Medical Assistance coverage for their long-term care needs, they may be allowed to exclude a certain amount of personal assets and still be eligible for Medical Assistance. This amount will be equal to the amount of benefits received under the qualified Long-Term Care Insurance Partnership policy. LTCIP is a dollar-for-dollar arrangement meaning that the personal assets protected will be equal to the amount of benefits paid by the qualified private insurance policy.
LTCIP gives individuals another choice to consider as a part of their retirement and financial planning. Individuals are encouraged to discuss the LTCIP with their financial services professional or trusted person with sufficient knowledge of the program and the consumer's financial goals before making a decision.
| Company Name | Policy Form
Number(s) | Partnership
Certification
Date | Individual
or Group |
|---|
American General Life Insurance Company
1-800-231-3655
www.aglife.com |
08000-WI | 11/14/2008 | Individual |
Assurity Life Insurance Company
1-888-505-3980
www.assurity.com |
AL2101P-WI
and
AL2100P-WI | 1/27/2009 | Individual |
Bankers Life and Casualty Company
1-800-231-9150
www.banklife.com |
GR-N620; GR-N640; GR-N650 | 8/12/2009 | Individual |
Berkshire Life Insurance Company of America
1-888-505-8743
www.berkshirelife.com |
BG01P(01/09)-WI | 12/17/2008 | Individual |
Country Life Insurance Company
1-309-821-3000
www.countryfinancial.com |
LTC 500 (WI 10/08)
LTC-520 (WI 10/08)
LTC-540 (WI 10/08) | 4/27/2009 | Individual |
Genworth Life Insurance Company
1-888-436-9678
www.genworth.com |
7042WI Rev
and
7044WI Rev | 5/26/2009 | Individual |
Genworth Life Insurance Company
1-888-436-9678
www.genworth.com |
7046WI
and
7050POL WI | 6/12/2009
| Group |
John Hancock Life Insurance Company
1-800-377-7311
www.johnhancocklongtermcare.com |
LTC-03 WI;
BSC-03-WI and
LTC-06-WI | 2/16/2009 | Individual |
LifeSecure Insurance Company
1-866-582-7702
www.yourlifesecure.com |
LS-0002WI 07/07
and
LS-0002WI 05/09 | 5/26/2009 | Individual |
Massachusetts Mutual Life Insurance Company
1-888-505-8952
www.massmutual.com |
MM501-P-WI
and
MM500-P-WI | 1/27/2009 | Individual |
Massachusetts Mutual Life Insurance Company
1-888-505-8952
www.massmutual.com |
MM-400-P-WI
and
MM 402-P-WI |
8/18/2009 | Individual |
MedAmerica Insurance Company
1-800-544-0327 |
SPL-336-WI-1008 | 5/8/2009 | Individual |
Minnesota Life Insurance Company
1-888-505-9817
www.minnesotalife.com |
ML7600-P-WI | 7/27/2009 | Individual |
Mutual of Omaha Insurance Company
1-800-775-6000
www.mutualofomaha.com |
LTC09M | 1/19/2009 | Individual |
New York Life Insurance Company
1-800-723-555
www.newyorklifeltc.com |
INH-5000 | 8/25/2009 | Individual |
Physicans Mutual Insurance Company
1-800-228-9100
www.physiciansmutual.com |
P146DD, P147DD or P148DD |
8/11/2009 | Individual |
Prudential Insurance Company of America, The
1-800-732-0416
www.prudential.com/insurance/longtermcare |
GRP 113096 | 12/19/2008 | Individual |
Transamerica Life Insurance Company
1-800-227-3740
www.transamericaltc.com |
TLC 1-FP (WI)808 | 8/26/2009 | Individual |
United of Omaha Life Insurance Company
1-800-775-6000
www.mutualofomaha.com |
LTC09U | 1/19/2009 | Individual |
UNUM Life Insurance Company of America
1-800-441-9428
www.unum.com |
GLTC04
and
RGLTC04 | 1/12/2009 | Group |
WEA Insurance Corporation
1-800-279-4000
www.weatrust.com |
IC LGL3435255-0108 | 4/20/2009 | Group |
