New York Partnership Plus
To qualify for Partnership in New York, policies must meet the following minimum requirements:
● $284 daily
● $8,804 monthly
● $294 daily
● $9,114 monthly
*Monthly benefit amounts shown refer to the Monthly Home Care Maximum Rider and are only available for New York Partnership Plus. Non-partnership policies are still limited to $9,000 per month or less.
The daily and monthly Partnership minimums for policies issued in Indiana will not change in 2016. These minimums will continue to be:
The minimum total coverage amount for Total Asset Protection will change to $336,927. Please see the example below to calculate the total coverage amount. Choose a daily benefit amount above the minimum (currently $115 per day) and a Benefit Multiplier that result in a total coverage amount of $336,927 or more.
Example: $150 daily benefit amount x 2,250 Daily Benefit Multiplier = $337,500
Policies that do not meet the criteria for Total Asset Protection will receive dollar-for-dollar asset protection. Total Asset Protection also requires the purchase of 5% compound inflation protection.
To qualify for Partnership in California, policies must meet the following minimum requirements:
• $180 daily
• $5,580 monthly
● $190 daily
● $5,890 monthly
California requires 5% compound inflation protection for under age 70. California Partnership does not include reciprocity with other Partnership states at this time.
To qualify for Partnership in Connecticut, policies must meet the following minimum requirements:
● $247 daily
● $7,513 monthly
● $256 daily
● $7,787 monthly