Idaho Long Term Care Costs & Insurance Information
With a purpose to help the residents plan and prepare for their medical care and needs in the future, the state of Idaho, together with some private insurers, launched the Idaho Long Term Care Insurance Partnership Program on November 2006. It aims to provide aid and assurance of a secured and better living after retirement.
A person who has purchased a partnership policy may be qualified through Medicaid without spending all their assets for the care. The policyholders' personal assets will be disregarded by the state once the person's eligibility for Medicaid assistance is validated and recognized.
The table below shows the 2010 Idaho median costs care data by Genworth Financial:
| Region | Home Health Aide Hourly Rate (Medicare Certified) |
Assisted Living Facility Monthly Rate (Private room) |
Nursing Home Daily Rate (Semi-private room) |
Nursing Home Daily Rate (Private room) |
| Boise-Nampa | $20 | $3,625 | $195 | $221 |
| Coeur d'Alene | $18 | $3,600 | $194 | $212 |
| Lewiston | $16 | $3,750 | $175 | $180 |
| Pocatello | $17 | $3,400 | $187 | $218 |
| Rest of State | $17 | $2,735 | $180 | $194 |
Features of Partnership Long Term Care Insurance in Idaho
Long Term Care Insurance Partnership Programs vary by state but the following remain compulsory:
- Must have a minimum daily benefit amount
- Must have a 3-year minimum benefit period
- Must have inflation protection at younger ages.
About Inflation Protection
A long term care insurance policy may qualify for Idaho's Long Term Care Insurance Partnership Program if it provides the following levels of inflation protection:
- Age 61 below - Automatic compound inflation of at least 5%
- Age 61-75 - Automatic annual inflation of at least 5% (simple or compound)
- Age 76 - No inflation required (may be purchased by choice)
A policy may also qualify for the state's partnership program by having an inflation protection which assures an increase in benefit of not less than the yearly percentage change in the Consumer Price Index (CPI). The CPI adjustments for policies sold to a policyholder below 61 years of age must be on a compounding basis.
Idaho Reciprocity Standards
Idaho Long Term Care Insurance Partnership Program participates in the reciprocity agreement with the other states that also have partnership policies. Based on Section 56-1303 of the Idaho Code, the department may enter into reciprocal agreements with the other states to extend the asset disregard to the residents of the state who purchased long-term care policies in another state which has same asset disregard programs.
The following are the reciprocity standards as published on the September 2, 2008 issue of Federal Register.
- 1. Medicaid applicants who purchased an LTC policy in a state participating in the reciprocal agreement and who has received benefits under their private LTC policy will receive an asset disregard in an amount equal to the benefits received (dollar for dollar).
- 2. The asset disregard procedure and calculations must be uniform among the states participating in the reciprocal agreement.
- 3. Amounts equal to the benefits received under the LTC policy will be exempt from Medicaid estate recovery.
- 4. If a person moves from the state in which his or her partnership policy was issued and later applies for Medicaid in another state participating in the agreement where they are determined to be eligible for Medicaid using the asset disregard, the asset disregard may not be revoked upon eligibility redetermination if the state subsequently withdraws from the reciprocal agreement.
The above reciprocity standards only apply to the asset disregard, effective on January 1, 2009. Applicants may only be qualified for the asset disregard eligibility if the state wherein they purchased their LTC policy and the state where they apply for Medicaid both participate with the reciprocal standards.
Idaho Medicaid Eligibility
Medicaid eligibility may be determined by submitting financial and non-financial requirements such as proofs of income and of other financial resources, Idaho residency proof of citizenship and identity, and a Social Security number.
Applications for Medicaid eligibility may be done online, by telephone, fax, and mail.
Fill out this short form to get your free quotes from all providers
We don't just offer one solution. We shop all of the major carriers in Idaho to offer you the best price. With our 35+ years of Long Term Care insurance experience, we'll save you time and money on your Long Term Care Insurance quotes. We only use your personal information to formulate your quotes and discounts. We will also email you a complimentary copy of the 2010 NAIC Shopper's Guide to Long Term Care Insurance so you can learn even more about LTCi.
