Question #59 of 85

Which of the following accurately describes LTC partnership qualified policies?

A)

The premiums for such a policy do not qualify for the federal tax deduction.

B)

Partnership qualified plans are limited to pools of $500,000.

C)

The state subsidizes the long-term care policy if it qualifies as a partnership policy.

D)

The policy provides a specific dollar amount of assets, which would be protected if the client exhausted all of the LTC insurance benefit and had to apply for Medicaid.