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.
| Company Name | Accepted Forms |
|---|---|
| Bankers Life & Casualty Company | GR-N500 GR-N620 GR-N640 GR-N650 ICC23B1001 ICC23B002 |
| 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 ICC18-LTC |
| Northwestern Long-Term Care Insurance Company | UULTC1014 |
| State Farm Mutual Automobile Insurance Company | ICC1597063IC ICC1597063SIC ICC1597063C3IC ICC1597063C5IC |
| Thrivent Financial for Lutherans | ICC13H-HX-LTC |
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.