Long Term Care Insurance and Medicaid
As a government program, medicaid may cover costs for home services as well as some community-based care for those who prove low income levels after exhausting most of their assets. Often people who reside in nursing homes enter the facility paying for their care out-of-pocket. After exhausting all of their assets, they may then meet Medicaid eligibility requirements through asset “spend-down.” It is important to note that not all nursing homes and live-in facilities accept Medicaid for their patients and the policy may dictate which facility a patient may or may not enter. Ultimately, if you or someone close to you is seeking to protect their assets, financial retirement plans as well as desire more autonomy over their control, it is advisable not to rely on Medicaid programs for your long-term care needs. A LTCi plan will offer greater protection and autonomy in contrast.

Long Term Care Insurance and Medicare 
Like Medicaid, Medicare functions as a public program. The plan has the capacity to cover costs up to 100 days of trained nursing home care, providing certain requirements are fulfilled. At the same time, the policy is not suitable for a long-term care financing application. In fact, Medicare will not cover homemaker service costs nor assisted living costs or domestic health aides. Mirroring Medicaid, you or someone dear to you should not rely upon Medicare for your long-term healthcare costs needs.

State Partnership Program and Long Term Care Insurance
A significant number of insurance providers do engage in State Long-Term Care Insurance Partnership Programs. Long-term care insurance “partnerships” serve as a bridge connecting state governments and private insurance industry with the intention of reducing future burdens on Medicare and Medicaid as primary funding bases for long-term health care needs for those at financial risk. Essentially, north local and federal governments are telling individual citizens that they need to take greater personal responsibility of their healthcare practices and cost considerations.