Long-Term Care Insurance Partnership Program
The Idaho Long Term Care Partnership Program is a program that involves state government and private insurers. Its purpose is to encourage people to prepare for their future care needs by purchasing insurance that pays when a person must be moved into a long term care facility like a nursing home.
Under the Partnership Program, the state will disregard the policyholder’s personal assets equal to amounts paid out under a qualifying insurance policy when it determines the person’s eligibility for Medicaid assistance. For example, if a qualifying insurance policy pays out $50,000 in benefits to cover a person’s long term care needs, Medicaid would not count up to $50,000 of the person’s assets when it determines whether the person is eligible for Medicaid assistance with long term care costs. This means the person would be able to qualify for long term care assistance through Medicaid without first having to spend all their personal assets on care.
It is important to remember that only certain types of long term care policies qualify for the Partnership Program and the state and federal laws governing the program are subject to change. If you are considering purchasing long term care insurance, you should talk with your agent about whether a Partnership Policy is appropriate for your needs.
- Bulletin 07-8 - Long Term Care Partnership Notice
- Bulletin 06-7 - Notice Regarding Inflation Protection Requirements for Long-Term Care Partnership Policies
- Bulletin 06-6 - Idaho Long-Term Care Insurance Partnership Program - Required Policy Notice and Issuer Certification Form
- Bulletin 06-5 - Producer Training for Sale of Policies Qualifying for the Idaho Long-Term Care Insurance Partnership Program
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Issuer Certification Form
for the Long-Term Care Insurance Partnership Program
(A company filing the issuer certification and copies of long-term care forms that were previously filed to be used in the Partnership Program must submit hard copies and not file via SERFF.) - Rule 18.01.60 - Long-Term Care Insurance Minimum Standards
- Idaho Long-Term Care Partnership Program Law
- Long-Term Care Companies
