Massachusetts Long Term Care Insurance Information
There are 47,204 beds in 413 nursing homes to cater to senior residents in Massachusetts. On a nationwide scoring system (Medicare 5 Star Quality), the state is ranked 22nd when it comes to nursing home care services.
Residents in the state total to 6,794,422 in a census done last 2015. At 51.5%, there are more female individuals than male residents. Residents 65 years and above make up 15.4% of the total population.
The state is ranked at the 3rd spot nationally by America’s Health Rankings. Massachusetts is known for its high number of residents covered by insurance. It is also known for its low obesity prevalence. However, violent crime rate has a high percentage, which can be attributed to the heavy number of excessive drinkers in the state.
Average Cost of Long Term Care Services in Massachusetts
Costs (2016) for LTC services in Massachusetts are as follows:
Home Health Aide (Daily Rate): $157
Nursing Home Care (Daily Rate, Semi-Private Room): $370
Nursing Home Care (Daily Rate, Private Room): $395
Assisted Living Facility (Monthly Rate, 1 Bedroom-Single Occupancy): $5,463
Massachusetts Long Term Care Partnership Program
Massachusetts is currently proposing a 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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