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 you choose, 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
Long-term care insurance is not for everyone. 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 for interested consumers. Established in 2010, the Louisiana Long-Term Care Partnership Program protects residents from being forced to exhaust their assets to become Medicaid eligible if they are faced with requiring long-term care. Partnership program policies are only available from producers and agents who have completed training in the state of Louisiana. To see a list of companies in Louisiana selling LTC Partnership policies, please click here.