Hawaii Long Term Care Insurance Information
Ranked 3rd nationally, Hawaii is known for its high level of providing skilled nursing home care services. There are 46 certified nursing homes in the state, with 4,175 beds available for senior residents.
For state population, Hawaii has 1,431,603 residents. There are more male residents in the state, with females making up 49.3% in the population. Individuals 65 years and above make up 16.5% of the total population.
Diabetes is prevalent in Hawaii, according to America’s Health Rankings. An increase in reported diabetes cases has been observed, with a hike of 7.8% to 9.8% in the past two years. Obesity was also observed to be prevalent in Hawaii.
Aside from the facts stated above, Hawaii remains to be the best place for individuals to retire – America’s Health Rankings gave the state the top spot.
Average Cost of Long Term Care Services in Hawaii
Annual costs (2016) for LTC services in Georgia are as follows:
Home Health Aide (Daily Rate): $158
Nursing Home Care (Daily Rate, Semi-Private Room): $355
Nursing Home Care (Daily Rate, Private Room): $387
Assisted Living Facility (Monthly Rate, 1 Bedroom-Single Occupancy): $4,125
Hawaii Long Term Care Partnership Program
Hawaii has a pending state LTC partnership program.
What is a Long Term Care Partnership Program?
The partnership program is designed to encourage people to purchase long-term care insurance by providing a plan that will allow Medicaid to disregard some or all assets for Medicaid eligibility and estate recovery purposes. Through partnership plans, people will receive asset protection whenever policy benefits are exhausted and will need continued benefits through Medicaid.
Partnership qualified insurance policies allow their holders a much easier time of applying for Medicaid when their current policy benefits have run out. Instead of needing to reach below the asset threshold set by the federal health care program, policy owners can protect an amount of assets equal to their total benefits – allowing them to continue receiving care without the risk of losing their assets to Medicaid estate recovery procedures.
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