Indiana Long Term Care Insurance Partnership Program

The Indiana Long-Term Care Insurance Program (ILTCIP) is an innovative partnership between the State of Indiana and private long-term care insurance companies. Indiana has taken the lead in helping residents protect their hard-earned savings from the high cost of long-term care.

• 2024 Indiana Partnership LTC Policy Requirements
• Minimum Daily Benefit – $115 per Day
• Total Asset Policy  – Initial Policy Amount at least $497,796

Indiana’s Long-term Care Partnership Program is a partnership program between Medicaid and private long-term care insurers designed to encourage individuals to purchase private long-term care insurance. Indiana long-term care partnership policies are tax qualified (a portion of premiums paid may be claimed as a tax deduction) under federal law; provide policyholders with inflation protection; and most importantly, provide dollar-for-dollar asset protection in the event the policyholder needs to apply for long-term care Medicaid assistance. For every dollar that an Indiana long-term care partnership policy pays out in benefits, a dollar of assets can be protected from Medicaid spend-down requirements.