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Michigan Long Term Care Insurance Information

America’s Health Rankings observed that most residents in Michigan are covered by some form of insurance. Additionally, in terms of health status by a person’s education level, a small disparity exists in the state.

In terms of population, Michigan has 9,922,576 residents. At 50.8%, females slightly outnumber male residents. Individuals 65 years and above make up 15.8% of the total population.

Michigan is ranked 25th nationally by the Medicare 5 Star Quality rating system. A total of 46,486 available beds can be found in 437 certified nursing homes to cater to senior residents.

Smoking and obesity is prevalent in the state. 21.2% of the population are smokers – the local government plans to cut this figure down to 12.0% by 2020. For obesity, 30.7% were recorded to be overweight.

Average Cost of Long Term Care Services in Michigan

Costs (2016) for LTC services in Michigan are as follows:

Home Health Aide (Daily Rate): $132

Nursing Home Care (Daily Rate, Semi-Private Room): $250

Nursing Home Care (Daily Rate, Private Room): $269

Assisted Living Facility (Monthly Rate, 1 Bedroom-Single Occupancy): $3,563

Michigan Long Term Care Partnership Program

Michigan’s state LTC partnership program has stopped.

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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