LTC Partnership Qualifications

What qualifies as a Partnership Policy?

To qualify as a Colorado Long Term Care Partnership policy, long-term care insurance coverage must:

• Meet the requirements for being tax qualified as defined in
  Section 7702B(b) of the Internal Revenue Code
• Meet certain consumer protection requirements in Section 6021(a)(1)(B)(5)(A) of the Deficit Reduction Act, which are taken from the NAIC model act of 2000
• Provide coverage to a person who was a resident of Colorado when coverage first became effective
• Provide inflation protection if the person is under age 76:

Further details are contained in Regulation 4-4-4. The Division of Insurance posts all regulations and bulletins on the Internet.

Participating Insurers 6-22-2015.doc

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