The Michigan Department of Insurance and Financial Services (DIFS) oversees long-term-care insurance sold in the state, including reviewing policy forms and evaluating requests for premium-rate increases. DIFS also keeps a public list of companies authorized to sell LTC insurance in Michigan, which is worth checking before purchasing a policy.
Michigan participates in the state Long-Term Care Partnership Program, which gives qualifying policyholders a dollar-for-dollar asset disregard against both Medicaid eligibility limits and estate recovery — every dollar a Partnership policy pays out protects an equivalent dollar of the policyholder's assets.
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