Indiana Long Term Care Insurance Partnership Program


The state of Indiana and private Long Term Care Insurance companies have worked together to develop the Indiana Long Term Care Insurance Program (ILTCIP) or also known as the Indiana Partnership Program. The Indiana Partnership Program is very similar to the other Partnership Programs available, in that Indiana Medicaid and private Long Term Care insurance companies work to provide Long Term Care Insurance to Indiana residents for them to maintain lifelong earned assets and not having to spend them down when the need for LTC arises.

The first Indiana Partnership policies were sold in 1993 and continues to provide IN residents with awareness and educate them about their risks. Currently there are eight LTC insurance carriers that sell IN Partnership policies, and all policies are different from carrier to carrier, the only requirement that the state of IN requires is that all Partnership policies must have a minimum of $115 daily benefit and must include the 5% Compound inflation rider.

A unique agreement that Indiana and Connecticut have is a reciprocity agreement, so that if a policy holder buys a policy under one state’s Partnership Program and move to the other state, they can obtain the benefits of the other state’s Partnership Program.

The average costs of care on a daily basis in the state of N 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.

To request an Indiana Partnership Quote, click here!

For further information and complete details of the Indiana Partnership Program visit the Indiana Long Term Care Insurance Program official website.