Pennsylvania's state legislature approved a Partnership Plan in 2007, and Gov. Eddie Rendell signed it into law. If you're considering buying an LTC policy in Pennsylvania, here are a few things you need to know:

Partnership Plans: Designed to Save Your Assets

The while point of Long Term Care Insurance is to protect your assets, the state takes the protection to another level with Partnership. By providing virtually unlimited benefits through the Medicaid program should you exhaust private policy benefits, you are potentially able to buy less coverage on the private market (at a lower premium) than may otherwise be required. With modern LTC policies eschewing the generous "Unlimited" benefit option that was once a mainstay benefit, the state provides this program with the concept that you won't spend your last dime on LTC if you qualify for Medicaid and have a Partnership policy.

All Blue Chip Carriers Have Partnership Options

An LTC Tree study conducted in early 2014 found Partnership policy options available from 10+ major Long Term Care insurers. This is an important benefit from the state and is not exclusive to any one company or group of companies.

Compare Side-by-Side Long-Term Care Plans in 3 Minutes

There's No Cost, But Specific Policy Requirements

While you won't pay extra for the Partnership benefit, the state does require you select certain benefits on your policy to qualify for potential asset disregard. Here are some general categories of what's required:

• Ages 61-75 must buy some form of Simple or Compound inflation protection.
• Ages from 18-60 must buy Compound inflation protection.

Shop The Market Impartially

Request a quote from us today and we can compare policies from virtually all of the major companies selling LTC policies approved in Pennsylvania. Our comparisons are comprehensive and provide multiple plan prices.