State RegulationsNY specificDifficulty 2/5
Which statement about Partnership-qualified long-term care policies in New York is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Reg 144 (11 NYCRR Part 39), Partnership policies are ordinary private long-term care insurance issued by participating insurers, but they must be built to the standards New York has fixed for the program. Meeting those standards - not government ownership - is what earns the policy its Medicaid asset-protection feature when the benefits are exhausted.
Why the other options are wrong
- A) The state sets the standards and administers the program, but the policies are issued and serviced by private insurers.
- C) Partnership status protects assets; it does not waive Medicaid's income and other eligibility requirements.
- D) Long-term care coverage is designed for custodial and nursing home care, not for acute hospital confinement.
Memory hook
Private paper, public standards - that is a Partnership policy.