New York Program to Promote Long-Term Care Insurance for the Elderly Offers Full Asset Protection in Exchange for Mandatory Insurance
Program to Promote Long-Term Care Insurance for the Elderly
The New York State Partnership for Long-Term Care (NYSP) was implemented in April 1993. Called the partnership program, New York's total-assets protection model requires a three-year policy for nursing home care and a six-year policy for home care—or some combination thereof—and Medicaid extended coverage once the private insurance benefit expires, with total-asset protection.
The project was part of the Robert Wood Johnson Foundation's (RWJF) national Program to Promote Long-Term Care Insurance for the Elderly.
Key Results: As of mid-2000, 27,903 NYSP policies were in effect (representing an increase of 197% over four years), and 14 insurers were participating in the partnership program.
Program to Promote Long Term Care Insurance for the Elderly Project Results
Individual project results from the RWJF national program, Program to Promote Long Term Care Insurance for the Elderly
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