Indiana Long Term Care Insurance Information
Indiana is ranked 27th nationally when it comes to nursing home care services. There are 541 certified nursing homes in the states. A total of 52,372 beds are available for senior residents.
For population, Indiana has 6,619,680 residents. Females slightly outnumber male residents at 50.7%. Individuals age 65 years and above make up 14.6% of the population.
According to the America’s Health Rankings, Indiana has a high number of smokers and a high level of polluted air. Alzheimer’s is a mental issue to consider, with 110,000 estimated cases for the year 2015. However, the state has managed to decrease physical inactivity, from 31.0% to 26.1% just last year.
Average Cost of Long Term Care Services in Indiana
Costs (2016) for LTC services in Indiana are as follows:
Home Health Aide (Daily Rate): $125
Nursing Home Care (Daily Rate, Semi-Private Room): $210
Nursing Home Care (Daily Rate, Private Room): $252
Assisted Living Facility (Monthly Rate, 1 Bedroom-Single Occupancy): $3,528
Indiana Long Term Care Partnership Program
Indiana is one of the four original states (the other three are Connecticut, New York, and California) selected for a long term care partnership program. The state will honor partnership from other DRA (Deficit Reduction Act) partnership states
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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