Staying in a Long Term Care Facility or receiving care in the home can be very expensive.  Long Term Care Insurance is designed to help offset the cost through an Insurance Company.

Traditional Long Term Care Insurance

Long term care insurance policies are becoming more popular and more widely used by individuals to pay for some or all of their long term care expenses. This guide will help you think about your chances for needing long term care and the reasons you may want to buy a policy. Long term care insurance is not appropriate for everyone. Whether or not you should buy a policy will depend on your age, health status, overall retirement objective and income.

Indiana Long Term Care Insurance Program

The Indiana Long Term Care Insurance Program gives Hoosiers an option for long term care insurance. Indiana Partnership policies contain a unique state-added benefit of Medicaid asset protection. By purchasing an Indiana Partnership policy, you will protect your assets as the policy pays out for your care. The amount of assets you protect will depend on how much coverage you buy and use. Should you ever need care beyond the limits of your policy, Medicaid would act as your safety net. Your income would go towards your care, but you would not have to spend all of your assets.