SD Partnership Plan

 

 

Understanding how the Partnership Plan can work for you.

Our South Dakota Legislature passed a law to help us preserve our assets called a “Partnership Program”. It is a public/private arrangement between long-term care insurers and South Dakota Medicaid Assistance Program.

They say a picture is worth a thousand words. So use your imagination and Picture this….

Overtime Mr. and Mrs. Blue both had a health change and moved to Assisted Living. They out lived the benefits on their Long Term Care policy and were forced to live out their lives using the benefits provided by Medicaid. Sadly there was no inheritance for their children and the family property, home and farm were lost to the cost of their health care.

At the same time across the street their neighbors…

Mr. and Mrs. Jones both had a health change and moved to Assisted Living…they too outlived the benefits on their Long Term Care Policy and were also forced to live out their lives using the benefits Provided by Medicaid. But…

  • They were still able to leave their property, home and farm to their children.
  • How did they do that ?
  • What made the difference?

FYI… it wasn’t a trust.

The difference was:

  • How they prepared for retirement and an unexpected health change!
  • How they accused the benefits of a State law allowing, The Partnership Plan.
  • How about you? Have you made provisions to legally protect your assets?

Find out how…Click here to Contact us for more information