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)

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.

C)

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

D)

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