It's a common question: What Happens to my LTC Policy when I move?  Are rates different?

Because Long Term Care Insurance is based on the state you're in when you sign your application, there's a question from time to time as to where the policy will actually be in force.  Insurance is regulated by each state's Insurance Commissioner, and the language of the policies is reviewed by insurance departments and divisions, all across the fruited plain.  

As with any legal contract, consult with a lawyer to ensure you understand the specific provisions of your policy.  This is general information, and is not applicable to all insurance contracts. 

The short answer to the question, is that with most policies, YES - you should be able to move from one state to another and still make a Long Term Care Insurance claim.   However, the language of a policy may vary from state to state, and the contract is under the jurisdiction of "The laws of the state in which You reside on its Effective Date."  So while it may be possible, the buck ultimately stops there.

One of the things that makes America great is our ability to move around - from coast to coast, and border to border.  If you decide to buy a policy in one state, and then later move to another state, your coverage should follow you in many cases.  Keep in mind that any consumer complaints would be handled by your original resident state, who would be the regulatory authority over the policy.

 Partnership Reciprocity

With state Partnership Programs becoming en vogue in recent years, there was also a question of whether these benefits would move between states.  Luckily, many of the states have banded together to form something called the "MEDICAID ASSET PROTECTION RECIPROCITY COMPACT."  

As you can see: this is a complicated subject.  Here at LTC Tree, we are a national brokerage specializing in Long Term Care Insurance and these types of complicated issues.   If you're unsure of whether you can rely on your general insurance agent to know the important details, why not contact us for a comparison quote, and a second opinion.

 Here's a visual overview of current Partnership reciprocity: