Louisiana Long Term Care Costs, Partnership Information & Insurance Quotes
The Louisiana Long Term Care Insurance Partnership Program was made known and officially announced to the public at a news conference on March 23, 2010. Just like the other Partnership Program of the other states, the Louisiana partnership program aims to offer Louisiana residents with an alternative in choosing their long term health care needs.
This partnership program between the state government and private insurance companies encourages citizens to plan ahead and consider buying a partnership policy in which they can have additional benefits such as inflation protection and Dollar-For-Dollar asset protection.
Below are the median Louisiana Long Term Care Insurance Costs per region:
| 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) |
| Alexandria | $16 | n/a | $129 | $135 |
| Baton Rouge | $16 | $2,998 | $129 | $141 |
| Houma-Bayou Cane-Thibodaux | $15 | $3,150 | $131 | $137 |
| Lafayette | $15 | $2,963 | $130 | $141 |
| Lake Charles | $14 | $2,500 | $123 | $133 |
| Monroe | $16 | $2,625 | $133 | $141 |
| New Orleans-Kenner | $18 | $3,450 | $138 | $155 |
| Shreveport | $15 | $3,138 | $136 | $148 |
| Rest of State | $14 | $2,957 | $128 | $133 |
Louisiana Long Term Care Partnership Program Details
The Dollar-for-Dollar asset protection is a unique feature of the partnership program. It allows the policyholder to keep a dollar of assets for every dollar that he pays out in a partnership policy. With this, the policyholder can avoid spending down all his assets should a need for him to avail of Medicaid services arise in the future.
For each of the participating states, a partnership program must also provide certain levels of inflation protection before it can be qualified and considered a valid long term care partnership program. The younger age you purchase a partnership policy, the lower your yearly premium would cost.
Since the Louisiana Long Term Care Partnership Program is still new, the terms of reciprocity and asset disregard program are still being established and worked on.
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