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Commonwealth of Virginia Voluntary Group 
Long Term Care Insurance Program

The items below provide more detailed information about the Program and the plan benefits.

• Outline of Coverage (form #7046OC)

Long Term Care Partnership 

The long term care partnership is a Federal program that allows states to recognize certain long term care insurance when determining a person's eligibility for Medicaid. This is referred to as Medicaid asset protection.
Medicaid is a health plan funded by state and federal governments that pay for certain long-term care costs for persons that meet certain income and resource minimums. With Partnership qualified long term care insurance, the resource minimum can be disregarded to the extent that benefits under the coverage are paid. In other words, the partnership qualified insurance will protect a portion of your assets (to the extent that benefits are paid), enabling you to qualify for Medicaid without depleting all of your resources. For example, if you received $250,000 in benefits under Partnership qualified insurance, you may receive $250,000 of asset protection in qualifying for Medicaid.

Often the only difference between partnership qualified and other long term care insurance sold in a state is the type of inflation protection or benefit increase option that must be included for the coverage.
Virginia age-appropriate benefit increase options under The Commonwealth of Virginia Voluntary Group Long Term Care Insurance Program are: 

• Ages 18-60: 3% or 5% Automatic Benefit Increase for Life -Compound, 
• Ages 61-75: 3% or 5% Automatic Benefit Increase for Life -Compound, 
• Ages 76+: 3% or 5% Automatic Benefit Increase for Life –Compound, or Buy More Coverage Over Time (Future Purchase Option) 

Virginia residents who are issued coverage after September 1, 2007, with the age-appropriate benefit increase option or inflation protection, will be issued a disclosure to accompany their certificate, indicating the Partnership qualified status of their coverage. 

For more information about LTC Partnership, visit the Virginia LTC Partnership website:
http://valtcpartnership.org/va-ltc-insurance/

You can also visit the Group LTC website:
http://www.genworth.com/cov 

On the website, under the “Customize Plan” tab, in the Benefit Increase Option section, there is a pop-up box with a brief description that will appear if you select the question mark next to the term “Partnership Qualified”. In addition, the description includes a link to a Partnership Program Notice that can be printed or downloaded.