Disability & Long-Term CareQuestion 100 of 716
The MAIN consumer benefit of buying a California Partnership for Long-Term Care policy, rather than an ordinary LTC policy, is:
a.Automatic eligibility for unlimited federal Medicare nursing-home benefits once the policy is used up
b.A waiver of all California premium taxes on the policy, refunded to the policyholder by the state each year
c.Asset protection from the Medi-Cal spend-down equal to the benefits the Partnership policy pays out
d.Coverage of acute hospital and surgical care that ordinary LTC policies must exclude
Explanation
The California Partnership for Long-Term Care lets a person who later exhausts a qualifying Partnership policy keep assets equal to the benefits the policy paid out, sheltered from the normal Medi-Cal spend-down. Partnership policies must also meet stricter state standards, including required inflation protection.
Law Reference: Cal. Welf. & Inst. Code §22000 et seq.; CA Partnership ProgramThis topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Related questions on this topic
- Under the California Long-Term Care Insurance Reform Act, an applicant for an individual LTC policy has how many days to return the policy for a full refund of premium?
- What inflation protection must a California LTC insurer offer to each applicant for a new individual long-term care policy?
- In California, a long-term care policy may NOT exclude a pre-existing condition for more than how long after the policy's effective date?
- Compared with a non-tax-qualified long-term care policy, a federally tax-qualified LTC policy:
- Which definition of total disability is MOST favorable to the insured during the ENTIRE benefit period?
- Under a California tax-qualified long-term care insurance policy, benefits are triggered when the insured cannot perform without substantial assistance how many of the six Activities of Daily Living (ADLs)?
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)