Pennsylvania Long-Term Care Partnership

 

The Pennsylvania Long-Term Care Partnership encourages residents of Pennsylvania to purchase long-term care insurance by providing asset coverage equal to the benefits paid by the policy. This is dollar-for-dollar asset protection. Each dollar your long-term care insurance partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid.

Under the federal Deficit Reduction Act of 2005, Pennsylvania is an authorized LTC Partnership program state. PA Long-Term Care Partnership policies must be tax-qualified, contain certain consumer protection provisions and provide inflation protection.

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

Homemaker Services
$122
Home Health Aide
$125
Adult Day Care
$55
Assisted Living Facility
$107
Nursing Home, Private Room
$272
Nursing Home, Semi-Private Room
$251

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

Pennsylvania LTC Insurance Partnership policies are available from licensed insurance professionals that represent carriers that are authorized to sell PA Long-Term Care Partnership policies. To speak to a licensed professional in your area you can complete this form.

For the Consumer's questions and answers about the Pennsylvania Long-Term Care Partnership Program, click here.