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Mississippi Long Term Care Insurance Information

There are 2,992,333 residents in Mississippi, according to census done last 2015. At 51.5%, there are more female residents than male residents. Individuals 65 years and above make up 14.7% of the population.

For nursing homes, there are 204 certified nursing facilities in the state. Mississippi ranks 40th nationwide in the Medicare 5 Star Quality rating system; 18,410 beds are available to cater to senior residents in the state.

As per America’s Health Rankings, Mississippi has a high rate of obese individuals (35.5%). Because of this, physical inactivity among adults is high as well, with 1 in 3 (31.6%) residents recorded as such. However, the state has a low rate of excessive drinkers and minimal drug related deaths.

Average Cost of Long Term Care Services in Mississippi

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

Home Health Aide (Daily Rate): $107

Nursing Home Care (Daily Rate, Semi-Private Room): $209

Nursing Home Care (Daily Rate, Private Room): $217

Assisted Living Facility (Monthly Rate, 1 Bedroom-Single Occupancy): $3,200

Mississippi Long Term Care Partnership Program

Mississippi has not filed for 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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