Connecticut Partnership for Long Term Care
The Connecticut Partnership for Long Term Care, also known as the Connecticut Partnership Program was the first state to implement a Partnership Program, this was in 1992. The Connecticut Partnership Program works in the same manner as the other state Partnership Programs, where the state of CT partnered with private Long Term Care Insurance companies to offer Partnership Policies that offer the Medicaid Asset Protection should a policy owner ever need to apply for the Connecticut's Medicaid Program for assistance. The CT Partnership Policies will help a policyholder meet their LTC needs without having to deplete all of their assets to pay for care.
Currently there are ten Long Term Care Insurance carriers that have joined an alliance with Connecticut to offer the Partnership policies which the policies do vary from product to product, however in order to be considered a Partnership Policies these policies must include the following:
- A minimum daily benefit of $213 for nursing home care and $106.50 for home and community based care, effective January 2012
- 5% Compound Inflation Protection for those under the age of 65
- A broad array of home and community based services
- Option to shorter term coverage, as an option to decrease coverage as a way to lower premiums, to prevent the policy from lapsing
- 5% discount on nursing home rate in CT
A unique agreement Connecticut and Indiana have is a reciprocity agreement, so that if a policy holder buys a policy under one state’s Partnership Program and move to the other state, they can obtain the benefits of the other state’s Partnership Program.
The information on the website is provided as a public service, provided by the American Association for Long Term Care Insurance , a national trade organization committed to helping individuals get the information they need to make educated decisions.
After reviewing the information on this website, you can click the Request A No Obligation Quote box for free, no obligation cost quote for a Connecticut State Long Term Care Insurance policy from one of the Association's designated professionals.
Or, call the American Association for Long-Term Care Insurance offices at (818) 597-3227.
What is Long-Term Care (LTC)?
Long-term care is when you are no longer able to care for yourself due to suffering from a cognitive impairment such as Alzheimer's Disease, or you need assistance in performing your Activities of Daily Living (ADLs) such as dressing, bathing, eating, toileting, transferring, and continence for an extended period of time. Long-term care services are usually performed in a nursing home, assisted living facility, in your own home, or in a community based setting. Many people believe that long- term care is only for older people, when in fact the needs for long-term care can strike anyone at anytime due to an accident or a debilitating illness.
One of the most common misconceptions is that Medicaid and Medicare will pay for LTC. However, beyond the limited long-term care benefits provided by Medicaid and/or Medicare (assuming that you meet the eligibility requirements for one or both), you are responsible for your long-term care costs, whether you choose to purchase a long-term care insurance policy to cover some or all of the cost, pay for the care out of your pocket with your assets, or rely on a family member to provide your long-term care.
Long Term Care Partnership Information from the
American Association for Long-Term Care Insurance
The American Association for Long-Term Care Insurance is the national professional trade organization committed to providing consumers with long-term care planning information. This website www.connecticutpartnershiponly.com - is your complete source for information regarding the CT LTC Insurance Partnership Program.
Learn all you need to know about the LTC Partnership Program and request LTC Insurance quotes today from an Association member who represents the top LTC Insurance carriers. When you fill out our easy, no-obligation request for quote, we will have a professional contact you by telephone to provide a cost quote and answer your questions about the Connecticut State LTC Partnership.
What Is Short-Term Care Insurance? Is It Right For You?
Short term care insurance covers gaps in Medicare benefits and is a sound alternative for your long term care oplanning when cost, age or health is an issue.
Learn more about
short-term care insurance by visiting our sister organization the National Advisory Center for Short-Term Care Information
. If you are between the ages of 50 and 89,this is a valuable protection to learn more about.
Need A Medicare Supplement Insurance Cost Quote for Connecticut Residents
Medicare supplement insurance can pay for costs not covered by Original Medicare and while plans are all standardized, it can be quite confusing. For that reason, we recommend connecting with a Medicare supplement insurance professional. To see a list of New York Medigap experts, click this link to visit the website of the American Association for Medicare Supplement Insurance.