The State of Virginia Partnership Program

Can you help me understand the Virginia LTC Insurance Partnership provisions?

The State of Virginia has in place a Long Term Care Partnership Program, and coverage under this plan will qualify as a Partnership program assuming you select either the 3% or 5% automatic inflation option. The FPO option does not qualify for this protection. An exception to this is that anyone over age 75, when they apply for this program, can choose any of the three inflation protection options and still qualify for the Virginia Long Term Care Partnership program.

If your coverage includes a qualifying inflation option, and you apply for Medicaid, this coverage will enable you to keep some of your assets and still qualify for Medicaid. For every dollar of Partnership Qualified benefits you receive under this program, you will be able to keep an equal amount of your assets. For more details on the Virginia Partnership Program go to the Virginia Long Term Care Partnership Program's website at