Maine Long Term Care Costs, Information & Insurance Quotes
The Maine Long Term Care Insurance Partnership Program was established in accordance with the Deficit Reduction Act (DRA) of 2005 and was approved by the Centers for Medicare and Medicaid on November 10, 2009. It has a retroactive effective date of July 1, 2009.
As of 2009, Maine has an estimated total population of 1,318,301 in which 15.6% of the population belongs to the residents aged 65 years old and above.
This program was initiated to provide more benefits and alternatives for Maine residents to secure their future needs by acquiring their own long term care plan. MaineCare, Maine's Medicaid, was tasked to administer the program.
Maine Long Term Care Insurance Costs and Quotes:
| 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) |
| Bangor | $19 | $3,825 | $240 | $270 |
| Lewiston-Auburn | $24 | $4,770 | $232 | $245 |
| Portland-Biddeford | $24 | $5,355 | $267 | $311 |
| Rest of State | $23 | $4,088 | $227 | $254 |
The Maine Long Term Care Partnership Program
A person may be eligible for the Partnership Program if he meets the criteria for eligibility which includes being insured under a long-term care insurance policy, with personal assets to pay for their policies without using their MaineCare coverage benefits. The benefits include coverage and support for their long term care services and needs under MaineCare if the person has already maximized the allotted coverage of his long-term care policy.
A policy may be regarded as a qualified or authorized Long-Term Care Insurance Partnership policy if it follows the following requirements:
- Policy was issued after July 1, 2009.
- The policy must cover an individual who was a Maine resident when the coverage was taken into effect.
- The policy must be tax-qualified and must have consumer protection standards.
- Under 60 years old: The policy is required to have Annual Compound inflation protection
- 61 to 75 years old: The policy may have Simple or Compound Inflation
- 76 years old and above: No inflation protection required
The Maine Long Term Care Insurance Partnership Program offers reciprocal arrangements in order to extend its coverage and benefits to its policyholders if they decide to transfer to other states which also has reciprocal standards.
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