Connecticut Partnership for Long-Term Care

Connecticut Partnership for Long-Term Care imageThe Connecticut Partnership for Long-Term Care is a program of the State of Connecticut that works in alliance with the private insurance industry. It is a joint effort by State government and private industry to create an option to help you plan to meet your future long-term care needs without depleting all of your assets to pay for care.

Under the Connecticut Partnership, private insurance companies competitively sell special long-term care insurance policies. These policies not only offer benefits to pay for long-term care costs, they also offer Medicaid Asset Protection should you ever need to apply to Connecticut’s Medicaid Program for assistance.

For most people, it is unpleasant to think about needing nursing home or home care when they get older. No one is immune to this possibility. Even more unpleasant is the likelihood that you will have to sacrifice your life’s savings to pay for that care — if you don’t plan ahead.

To help you plan for your financial future, the State of Connecticut has joined forces with private insurance companies to form the Connecticut Partnership for Long-Term Care.

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IMPORTANT FACTS

Effective Date
June 1, 1992
Does 1% Compound Qualify
Never
Inflation Requirement issue age 60 and under
5% Compounded Annually
Inflation Requirement issue age 61 to 75
5% Compounded Annually
Inflation Requirement issue age 76 or over
5% Compounded Annually
What if Inflation Growth stops at age 76
Uncertain