Here are the latest legislative actions that directly impact Long Term Care Insurance and your future ability to protect your assets. Please contact us if you would like further information on these actions and an explanation of how they may directly affect you. Florida's Partnership Program Private Long Term Care Insurance policy that allows you to protect (keep) some or all of your assets if you apply for Medicaid after using up your policy's benefits. Only a few states currently have Partnership Programs. Generally, the amount of Medicaid spend-down protection you receive is equal to the amount of benefits paid to you under your private Partnership policy. (State-specific program designs may vary.) Additional information is forth coming. Deficit Reduction Act Legislation passed by the U.S. Congress and signed into law in December 2005 that is designed to trim the Federal deficit. It includes major changes in the Federal Medicaid policy. The Deficit Reduction Act allows any state that wishes to do so to establish a Partnership Program. There are also several other provision in this act that impact an individual and a community spouse, either of whom may someday apply for Medicaid Assistance. Additional information is forth coming.