The Idaho Long-Term Care Partnership Program is a program that involves state
government and private insurers. Its purpose is to encourage people to prepare
for their future care needs by purchasing insurance that pays when a person
must be moved into a long term care facility like a nursing home.
Under the Partnership Program, the state will disregard the policyholder’s
personal assets equal to amounts paid out under a qualifying insurance policy
when it determines the person’s eligibility for Medicaid assistance. For
example, if a qualifying insurance policy pays out $50,000 in benefits to cover
a person’s long-term care needs, Medicaid would not count up to $50,000 of the
person’s assets when it determines whether the person is eligible for Medicaid
assistance with long-term care costs. This means the person would be able to
qualify for long-term care assistance through Medicaid without first having to
spend all their personal assets on care.
It is important to remember that only certain types of long-term care policies
qualify for the Partnership Program and the state and federal laws governing
the program are subject to change. If you are considering purchasing long-term
care insurance, you should talk with your agent about whether a Partnership
Policy is appropriate for your needs.
List of carriers who are authorized to write Long-Term Care Partnership plans in Idaho
| Company Name |
Accepted Forms |
| Bankers Life & Casualty Company | GR-N500
GR-N620
GR-N640
GR-N650 |
| Country Life Insurance Company | LTC-500ID 12/03
LTC-520ID 12/03
LTC-540ID 12/03 |
| Genworth Life Insurance Company | 7046POL Group
7053POLID
ICC13-8000R1
ICC13-8001R1
ICC18-1100 |
| LifeSecure Insurance Company | ICC13-LS-LTC-0004
ICC13-LS-LTC-0005
ICC17-LS-LTC-0006 |
| Massachusetts Mutual Life Insurance Company | MM400-P-ID
MM401-P-ID
MM500-P-2-ID
MM501-P-2-ID
ICC17MM600P |
| Mutual of Omaha Insurance Company | ICC13-LTC13
ICC13-LTC13-AG
ICC17-LTC17W |
| National Guardian Life Insurance Company | ICC16-NLTC100P
|
| New York Life Insurance Company | ILTC-5000ID 1001
INH-5000ID 1001
ICC14-LTC6 |
| Northwestern Long-Term Care Insurance Company | UULTC1014 |
| State Farm Mutual Automobile Insurance Company |
ICC1597063IC
ICC1597063SIC
ICC1597063C3IC
ICC1597063C5IC
|
| Thrivent Financial for Lutherans | ICC13H-HX-LTC |
| Transamerica Life Insurance Company | ICCIO TLC 3
ICC13 TLC-4 |
The above companies have certified that the listed long term care insurance
policies and applicable riders are in compliance with all requirements of the
Idaho Long-Term Care Partnership Program. The Department of Insurance has
accepted these filings based upon the company certifications. Not all of the
above forms have been reviewed by the Department to independently confirm that
the policies do in fact meet the requirements of the Idaho Long-Term Care
Partnership Program.
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