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NOTE: Policies issued before July 1, 2009 are treated as newly issued only if reissued or exchanged on or after July 1, 2009. An additional rider, endorsement or change in the schedule page to policies issued before July 1, 2009 is treated as an exchange for purposes of meeting this provision. 4. The policy meets specific rules of the National Association of Insurance Commissioners (NAIC); and NOTE: When the policy doesn’t contain this information, the client must provide written proof from either the insurance company or the Montana Insurance Commission to verify the policy meets the criteria. 5. The policy includes inflation protection, which varies depending on the insured’s age when the policy was purchased: • For purchasers under 61 years old, compound annual inflation protection; • For purchasers 61-76 years old, some level of inflation protection; • For purchasers over 76 years old, inflation protection is optional. QUALIFIED LTC POLICY ISSUED IN ANOTHER STATE: If the other Partnership state offers reciprocity, a Qualified LTC Partnership policy issued in another Partnership state is recognized if the covered individual moves to Montana. If a LTC Partnership policy holder from another state moved to Montana, eligibility staff will contact the ABD Policy Specialist in Central Office (through the Service Desk). BOTH SPOUSES HAVE LTC PARTNERSHIP: When both spouses apply for LTC Partnership resource protection and they have a joint LTC Partnership policy or each has a separate policy, the protection is apportioned between them; each cannot receive full resource protection separately. The total protection benefit given to both spouses combined cannot exceed the total amount of insurance benefit. When one spouse applies for nursing home/waiver Medicaid, and transfers resources protected under the LTC Partnership policy to the community spouse, these resources retain their protected status, even when the community spouse is later institutionalized. If the protected resources are not transferred to the community spouse, the community spouse cannot receive resource protection for additional resources they own should they later be institutionalized. Total resource protection cannot exceed the full amount of all benefits paid from all exhausted LTC Partnership polices when both spouses enter the nursing home and apply for Medicaid in the same month. Because they are treated as individuals, they can opt to protect jointly held resources or allocate the protection between them either equally or proportionate to LTC benefits paid for each. Effective Date: July 01, 2016