South Dakota Long Term Care Insurance Costs & Partnership Program Information
The cost of long term care is greatly affected by the population of the senior citizens who are living in a particular state. In 2007, the US census bureau was able to determine that the population of the senior citizens living in South Dakota is 14% of the total population. To others, this might seem like a very small percentage. However, considering the fact that the total population of South Dakota as of 2007 is 804, 194, this is small percentage is actually equivalent to thousands of people. Also, experts say that the number of senior citizens in America is expected to have annual increase. This is the reason why more and more people want a brighter spot light on the issues regarding the long term care policy that will run throughout the state, if ever there is one.
During times like these, the importance of conducting studies regarding the population of all the states in the US could not possibly be more evident. Genworth, one of the most noticeable insurance carriers in the US is one of the companies who take studies like these very seriously. Their site contains facts regarding the costs of long term care in all the states in the US. These records could be very useful for those people who are planning to get a long term care plan themselves. It gives a rough estimate of how much residents could possibly spend in a year. The table containing information about the median cost of long term care in South Dakota in 2010 can be seen below.
| 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) |
| Rapid City | n/a | $3,200 | $194 | $206 |
| Sioux Falls | $19 | $2,970 | $167 | $172 |
| Rest of State | $20 | $2,750 | $157 | $185 |
The South Dakota Long Term Care Partnership Program
Just like the other partnership programs in other states, the goal is also the same with the establishment of the South Dakota Long Term Care Partnership Program. The main goal is to create a program that will work with all the residents of that particular state. This means that all residents who have different monthly incomes will be able to get a plan that they will be able to pay without having to downgrade their assets as much as an ordinary plan will make them do. This program could not come in a better time since the recession is just around the block when this program was fully established. Thanks to this program, more people will be able to afford a plan.
Programs Promoting South Dakota Long Term Partnership Program
Even though the provisions included in the South Dakota Long Term Partnership Program already sound good alone, the government is always on its toes when it comes to finding ways to encourage residents to purchase a plan. This is why different local programs are held either monthly or annually to educate the residents about the importance of having a long term care policy. In South Dakota, public education sessions are held all over the state.
Some might think that going to these sessions will only make them tired. They seem to forget public sessions like these help residents get the latest information regarding the plans that will work for them and how these plans can help them save a lot of money. Also, it is also a great way for the residents to meet other people who are looking for the same thing. It is in sessions like these that people can talk amongst themselves so that they will be able to know the point of view of others who are in the situation that is almost the same as their own.
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