How beneficial is long term care partnership insurance?

Long term care insurance partnership has an asset disregard feature which allows you to keep a portion of your asset, thus, there is no need for you to spend down all assets in order to qualify for medicaid. Supposed you buy a long term care insurance partnership policy with $200,000 benefit amount. When you enter a long term care facility and exhausted the benefit amount of your policy, you don't need to spend down all your asset to qualify for medicaid, with the partnership policy, you are allowed to keep $200,000 plus 2,000 of your income since your policy protected your asset.