The Family Community Resource Center is not responsible for determining when the person has received all benefits that are payable under the Partnership policy. The insurance company must notify the person when the policy benefits are used up.
Asset protection begins when the person has received all benefits payable under the policy. Do not allow an asset protection amount before all benefit payments are made. Once all of the benefit payments have been made, there is no time limit for the person to apply for medical assistance.
Count any interest earned on the asset protection amount as nonexempt income.