District Of Columbia Long-Term Care

Federal Partnership Program

The District of Columbia is home of the capital of the United States. As such, it is not considered a state. It is primarily the City of Washington. The District is not yet participating in the federal/state partnership program.

Reciprocity

Since the District does not currently participate in the partnership program there is no reciprocity. This means if you move into the district from a partnership state the additional dollar-for-dollar asset protection offered by the policy would not apply.

Medicaid

Long-Term Care Medicaid spend down is $4.000. A spouse’s minimum asset allowance is minimum of $26,076 up to a maximum of one-half of countable assets up to $130,380. Your spouse’s minimum monthly income allowance is $2155. The home equity limit is $903,000.

 For more information about the Medicaid program visit www.medicaid.gov

Rate Stability Rules

Consumers in the District of Columbia enjoy additional peace-of-mind as the district has adopted Long-Term Care Insurance Rate Stability Rules.  These rules, developed the National Association of Insurance Commissioners, makes it much harder for an insurance company to get an approved rate increase.

Products Approved in the District of Columbia

A variety of affordable products are approved in the District of Columbia for Long-Term Care planning. These include traditional plans, short-duration plans, and asset-based “hybrid” plans.

Tax Incentives

The DC income exclusion for long-term care insurance premiums is no longer a subtraction from federal adjusted gross income. Based on the taxpayer's age, certain amounts of tax-qualified long-term care insurance premiums are deductible as itemized deduction medical expenses. Federal tax incentives do apply.

_{*The federal government sets a new minimum and maximum amounts each year, but states and U.S. territories can set their own minimum requirements at any level between the federal limits. This information is based on the best available sources.}