Idaho Long Term Care Insurance Partnership Program

The Idaho Long-Term Care Partnership Program is a program that involves state government and private insurers. Its purpose is to encourage people to prepare for their future care needs by purchasing insurance that pays when a person must be moved into a long-term care facility like a nursing home.

Under the Partnership Program, the state will disregard the policyholder?s personal assets equal to amounts paid out under a qualifying insurance policy when it determines the person?s eligibility for Medicaid assistance. For example, if a qualifying insurance policy pays out $50,000 in benefits to cover a person?s long-term care needs, Medicaid would not count up to $50,000 of the person?s assets when it determines whether the person is eligible for Medicaid assistance with long-term care costs. This means the person would be able to qualify for long-term care assistance through Medicaid without first having to spend all their personal assets on care.
It is important to remember that only certain types of long-term care policies qualify for the Partnership Program and the state and federal laws governing the program are subject to change. If you are considering purchasing long-term care insurance, you should talk to your agent about whether a Partnership Policy is appropriate for your needs.