Long Term Care

Wyoming Long Term Care Costs & Insurance Quotes

Wyoming's cost of care is increasing at a very fast rate, especially in nursing homes where most of the residents belong to the 85 and over age bracket and require higher levels of care.

According to Genworth Financial, a leading provider of long term care insurance, the annual cost of a private nursing home room in Wyoming is $80,391, on average, while a semi-private room is around $72,270.

Home care recipients, on the other hand, spend $21 hourly or $46,904 a year for assistance with their activities of daily living which they get from a home health aide. Those of them who require homemaker services that include practically all kinds of housework that they can no longer perform pay additional $20 per hour which translates into $45,760 annually.

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Below are the current long term care costs in different areas of Wyoming according to the 2012 Cost of Care Survey of 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)
Casper n/a n/a $3,635 $205 $219
Cheyenne $18 $20 $3,293 $220 $234
Rest of State $20 $21 $3,583 $191 $200

Wyoming Long Term Care Partnership Program

Older members of middle-class families in Wyoming prefer to receive care in their homes but the problem is that most of them are dependent on their adult children because they cannot afford the services of a professional caregiver.

Unfortunately, no matter how financially able their children are now there will come a time that the latter will run short of resources considering the high costs of in-home care services. When this happens they will be left with no other choice but to put their parents on Medicaid.

Wyoming's Medicaid program is called EqualityCare and it only provides coverage to individuals and families who meet its requirement of not having more than $2,000 in assets. In other words, one has to spend down his assets up to the said amount to qualify for EqualityCare or he can opt for Wyoming's Long Term Care Partnership Program, a joint effort between the state and private insurance companies which aims to provide Wyomingites with a more affordable way of planning their long term care.

Purchasing a Partnership-qualified long term care insurance policy will allow an individual to protect his assets equivalent to the total amount of insurance benefits paid out to him should he decide to apply for EqualityCare to receive ongoing care.

Identifying a Wyoming Long Term Care Partnership Policy

Under Wyoming Statute 42-7-101, which is the Wyoming Long-Term Care Partnership Program Act, the assets of a person with a Partnership-qualified policy equal to the amount of insurance benefit payments made to him shall be disregarded when he applies for EqualityCare. This does not mean, though, that a Partnership policyholder will instantly be eligible for coverage as there are other EqualityCare eligibility requirements that he has to meet.

Apart from the asset disregard feature, a long term care insurance policy shall only qualify for the Partnership Program status if it satisfies the following requirements:

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