003.31 QUALIFIED LONG-TERM CARE (LTC) PARTNERSHIP POLICY.

A qualified long-term care (LTC) partnership policy is a long-term care insurance policy which has been approved by the Nebraska Department of Insurance. The Department of Health and Human Services accepts the Department of Insurance’s certification of the policy. If an individual has a long term care insurance policy which does not meet the requirements for a qualified long- term care partnership policy because it was issued before July 1, 2006, the individual may exchange the policy for another.