» Click here for the official resource: Senior Health Insurance Information Program
What is a Partnership Program?
- Read the Iowa Long-Term Care Partnership Program Consumer Guide
The Governor and Lt. Governor sent letters to 400,000 Iowans, touting a Federally-funded information dispensing program called “Own Your Future,” designed to get people away from dependence on the limited and taxpayer-draining Medicaid Long Term Care program. Several states are promoting this program calling it the Iowa Long Term Care Insurance Partnership program.
As we all know the Federal government is short on cash these days and will be for the next gazillion years, so with the “baby-boomer” generation now entering those years where a significant percentage of them (43%) will need some sort of LTC, something different than the current routine is needed.
Of course we recognize that good financial planning should include a good Long Term Care Policy, purchased by the individual from a blue-chip Long Term Care Insurance carrier, independent from current and proposed government programs.
One issue mentioned in the Des Moines article was the fact that some lower-rated Long Term Care carriers significantly raised they rates on some policy-holders, and in fact, some of those companies were poorly managed and are facing bankruptcy. If you’d like to learn more about long term care insurance Partnership Programs in your state simply fill in this form.
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