State RegulationsGA specificDifficulty 2/5
How does a Long-Term Care Partnership policy protect a Georgia policyholder's assets when the policyholder later applies for Medicaid?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Georgia's Long-Term Care Partnership program, the asset protection works dollar for dollar: once a qualified policy pays benefits, an amount equal to the benefits paid is disregarded from the resources counted in determining Medicaid eligibility. The Georgia Insurance Department oversees the program through its partnership requirements.
Why the other options are wrong
- A) The protection is limited to an amount tied to benefits paid — not a blanket exemption of all assets.
- B) The program provides asset protection in eligibility determinations, not a waiver of Medicaid premiums.
- C) The asset disregard addresses resource counting for eligibility; it does not eliminate estate recovery in every circumstance.
Memory hook
Dollar for dollar: benefits paid become assets protected.