Long-Term Care Insurance

Long-term care insurance is a policy that helps cover the day-to-day costs of care for a person living with an acute or long-term disability. Depending on the type of policy, long-term care insurance can pay for some or all of long-term care services such as:

• home health care
• nursing home care
• respite care
• adult day care
• care in an assisted living facility

Whether or not an individual should purchase long-term care insurance depends on a variety of factors including age, health status, income and assets. Many decide to purchase a long-term care insurance policy so they will not be dependent on the government or their families to pay for their long-term care. Before purchasing long-term care insurance you should carefully examine your needs and resources to determine if purchasing a policy is right for you.

Louisiana Long-Term Care Insurance Partnership Program

Louisiana is one of the many states in the country that offer a partnership program to help make long-term care more affordable. The Louisiana Long-Term Care Partnership Program offers individuals a way to protect their assets if they ever need to apply for Medicaid services. The initiative encourages citizens to partner with the state-based program as they purchase qualified private long-term care insurance policies. Partnership-Qualified policies are available from licensed insurance professionals. Policies must meet the state and federal Partnership requirements. The Louisiana Department of Insurance maintains a list of companies in Louisiana selling LTC Partnership policies.