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August 21, 2006 CMS Announces Program to Protect Client’s Assets From Estate Recovery On July 27, 2006, the Centers for Medicare and Medicaid Services (CMS) announced a “Long-Term Care (LTC) Partnership” program that will allow Medicaid beneficiaries needing long-term care (LTC) to protect their assets from estate recovery. Under the new program, state Medicaid programs may now disregard assets that match dollar-for-dollar the amount paid to an applicant by a private LTC insurance policy when determining if the applicant meets the asset limits for Medicaid eligibility. These changes to the Deficit Reduction Act of 2005 . . .
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