Quote:
Originally Posted by mathjak107
We pay a good price for that privilege....these plans basically run 1 years costs in a snf in tomorrow’s estimated dollars.
For full asset protection we pay 8k a year in premium for both of us .. New York State gives us a 1600 dollar tax credit for having the plan ... so I won’t exactly call that welfare. In fact they are taking in more than they are paying out with these programs ....so welfare it ain’t for those with partnership plans
Just about every state offers some form of partnership plan now ....but not all offer full asset and income protection
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P#92. Ours is currently only ~ $4k/year combined for two individual. We started in 2002, The combined policies, then premiums ~ $1400/yr before tax credit, $100/day, 1095 days, 6 mns deduction, 5% compounded benefit increases. Unfortunately our previous policy had bettered features but unsustainable by the insurer so the contract was sold and we were given another option to go to a more mainstream plan or take huge premium increases to existing plan.
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