Long Term Care

Nebraska Long Term Care Insurance Partnership Program

At present, the average cost of a private room in a Nebraska nursing home is $70,263 per year. One-bedroom assisted living facilities, on the other hand, charge $3,250 every month. Given the five percent rate of inflation in long term care costs, these figures are expected to increase fourfold over the next 20 years.

The Nebraska Long Term Care Insurance Partnership Program was created by the Legislative Bill 965 in 2006 which intends to aid Nebraskans on making pertinent long term health care decisions and to allow them to keep a greater amount of their assets whenever a need to apply for Medicaid arises.

The state of Nebraska adopted the Partnership Program after the Deficit Reduction Act (DRA) of 2005 was implemented. The Partnership Program thus offers special benefits for the policyholders such as inflation protection, asset protection, and tax deductions.

Below is the table of the 2012 Nebraska median cost for care data by Genworth Financial:

Region Homemaker Services Hourly Rate
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)
Lincoln $22 $22 $3,872 $185 $190
Omaha-Council Bluffs $19 $21 $3,700 $175 $195
Rest of State $19 $20 $2,721 $175 $189

Nebraska Long Term Care Insurance

Although the state's Partnership Program is almost the same as that of non-partnership policies, one of their main differences is the Dollar-For-Dollar asset protection that a partnership policy automatically has. With this policy feature, the policyholder's personal assets will be disregarded by the state and will then be evaluated if the person is eligible for Medicaid assistance.

A Partnership policy in Nebraska must have certain provisions and must also be tax-qualified. It should have been issued not earlier than July 1, 2006, which is the date that the Nebraska Long Term Care Partnership Program was implemented, and it must be in accordance with consumer protection requirements of Section 191 7(b)(1)(C)(iii)(III) of the Social Security Act (42 U.S.C. 1396p(b)(1)(C)(iii)(IH)).

Most importantly, a Partnership-qualified policy must provide inflation protection based on the age of the policyholder.

The following are the levels of inflation protection that a Partnership policy must provide to qualify for Nebraska's Long Term Care Insurance Partnership Program:

For an applicant to qualify for Medicaid assistance, he must provide and meet certain requirements and must also be a certified resident of Nebraska and have a Social Security number. Other requirements and applications may be inquired online, by telephone, fax, and email. An eligibility worker may also discuss other important details of the partnership program during an interview upon Medicaid assistance application.

Reciprocity standards also apply to the Nebraska Long Term Care Insurance Partnership program. Other states which offer partnership insurance programs will accommodate and give reciprocity to a Nebraskan who transfers to their state, thus making the Nebraskan qualified for asset protection.

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