Delaware Long Term Care Insurance Costs & Partnership Program Information
| Region | Home Health Aide Hourly Rate (Medicare Certified) |
Assisted Living Facility Monthly Rate (Private room) |
Nursing Home Daily Rate (Semi-private room) |
Nursing Home Daily Rate (Private room) |
| Dover | $20 | $4,496 | $227 | $244 |
| Rest of State | $22 | $4,298 | $226 | $244 |
The Delaware Long Term Care Partnership Program
The partnership program allows individuals who have purchased a Long Term Care insurance policy and have exhausted the policy benefits to protect some of their assets from the Medicaid spend down requirement (the requirement that Medicaid recipients are legally destitute before receiving benefits). The states are using the program to encourage the sale of private Long Term Care insurance in order to decrease the pressure on state Medicaid budgets. The program hoped to attract low to middle income earners since they are most likely to turn to Medicaid, but surprisingly, attracted higher income Americans as well.
Originally it was a pilot program in 4 states: California, Connecticut, Indiana and New York. However, given the high success of the program in the initial four states, it was expanded as part of the Deficit Reduction Act of 2005 (DRA 05). Now, all states are permitted to provide partnership policies. In addition, the U.S. Department of Health and Human Services (HHS) was directed to draft a reciprocity agreement, which is optional for every state. This reciprocity agreement allows claimants to use their policies in other Partnership states.
How do LTCi Partnership Policies differ from other Long Term Care Insurance Policies?
There are two significant differences between Partnership and Non-Partnership policies.
1. Partnership policies carry an endorsement from the State that they meet minimum standards in terms of policy benefits.
2. Partnership policies include a feature known as Medicaid Asset Protection. Protected assets will be disregarded for the purposes of determining financial eligibility if an individual needs to apply for Medicaid to help pay their long-term care bills. Only Partnership policies provide Medicaid Asset Protection.
Are the features of a LTCi Partnership Policy different from other Long Term Care Insurance Policies?
Features of a Partnership Long Term Care Insurance policy vary by state, however, each state requires a minimum daily benefit amount, a minimum benefit period (usually 3 years) and mandates that the policies include inflation protection at younger ages. Many, if not most policies, have options and benefits that exceed these minimums.
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