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 - New York LTC Partnership - NY Long Term Care.