Partnership for Long-Term Care Act of 1988

[AI summary unavailable — showing source text] Partnership for Long-Term Care Act of 1988 - Title I: Medicaid Program Improvements - Amends title XIX (Medicaid) of the Social Security Act to require States to cover long-term care for individuals with incomes below the Federal poverty level who are not otherwise eligible for Medicaid. Requires States to establish a subsidy program to assist individuals whose incomes are no less than the Federal poverty level and no more than twice such level in paying long-term care insurance premiums. Provides larger subsidies as individuals' incomes approach the Federal poverty level. Prohibits States from establishing a subsidy resource eligbility limit at less than twice the resource limit under title XVI (Supplemental Security Income) of the Act. Title II: Medicaid Amendments Relating to Treatment of Payments Under Qualified Long-Term Care Insurance Policies and Taking into Account Transfers of Assets - Subtracts long-term care insurance payments from an individual's assets in determining his or her Medicaid eligibility. Requires that States implement a delay in Medicaid eligibility against individuals who dispose of their assets at less than fair market value within two years of applying f…