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About the New York Long Term Care Insurance Partnership
Program
The New York State Partnership for Long Term Care is a program
that combines private LTC Insurance and Medicaid Extended
Coverage, the purpose of the program is to help residents
of New York prepare financially for the possiblity of needing
LTC services (nursing home care, home health care, and assisted
living). This allows residents who own a LTC Insurance policy
to still protect their assets and still remain eligible for
Medicaid if their care exceeds the period covered by their
private LTC Insurance policy.
For further information Visit
the New York State Partnership for Long Term Care Offical
Website
What is Long-Term Care (LTC)?
Long-term care is when
you are no longer able to care for yourself due to suffering
from a cognitive impairment such as Alzheimer's Disease, or you
need assistance in performing your Activities of Daily
Living (ADLs) such as dressing, bathing, eating, toileting,
transferring, and continence for an extended period
of time. Long-term care services are usually performed
in a nursing home, assisted living facility, in your
own home, or in a community based setting. Many people
believe that long- term care is only for older people,
when in fact the needs for long-term care can strike anyone at anytime
due to an accident or a debilitating
illness.
One of the most common
misconceptions is that Medicaid and Medicare will pay
for LTC. However, beyond the limited long-term care benefits provided by Medicaid and/or Medicare (assuming that you meet the eligibility requirements for one or both), you are responsible for your long-term care costs, whether you choose to purchase a long-term care insurance
policy to cover some or all of the cost, pay for the care out of
your pocket with your assets, or rely on a family
member to provide your long-term care.
NY Long Term Care Partnership
Only
www.newyorkpartnershiponly.com - is your complete source for the NY LTC
Insurance Partnership Program. Learn all you need to know about
the LTC Partnership Program and request LTC Insurance quotes today on the top LTC Insurance carriers. NY LTC
covers USA only. NY Long Term Care - NY LTC
www.newyorkpartnershiponly.com
- New York LTC Partnership - NY Long Term Care.
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