Florida Long-Term Care Partnership Program

Florida has the largest population of people aged 65 and over, with most of the population lacking to plan to secure their financial future. Because of this the Florida Long-Term Care (LTC) Partnership Program is designed to encourage FL residents to purchase private long-term care insurance by offering them the option to exempt some or all of their assets from Medicaid spend-down requirements. This will provide Florida residents with the additional benefit of dollar-for-dollar asset protection in the event they utilize their policy benefits and need to seek continued benefits through Medicaid.

Florida's Long Term Care Partnership Program was the second state to adopt and implement a Partnership Program as described in the Deficit Reduction Act of 2005, and currently there are only a few LTC Insurance carriers that offer a Florida long-term care insurance partnership policy. LTC insurance policies are eligible for the Partnership Program if the appropriate age required options are chosen:

  • --Age 18-60: Compound inflation required
  • --Age 61-75: Some form of inflation is required (simple or compound)
  • --Age 76+: No inflation required (may be purchased by choice)

The average costs of care on a daily basis in the state of Florida are listed below:

Homemaker Services
Home Health Aide
Adult Day Care
Assisted Living Facility
Nursing Home, Private Room
Nursing Home, Semi-Private Room

*This information came from the Genworth 2012 Cost of Care Survey.


Click here to request a Florida Long Term Care Partnership Quote.