South Carolina lies in the Southeast and enjoys a fairly rural inland area and a much more crowded coastline. The capital Columbia is also the state’s largest city and home to the University of South Carolina. Hilton Head, Myrtle Beach, Charleston, and Kiawah are just some of the beach towns and cities that line the coast and are replete with full time residents and the tourists who flock to the resorts, golf clubs, restaurants, and shopping outlets. Fortunately for South Carolinians, the state has some of the lowest long term care costs in the nation; however, even the “low cost” of $73,000 annually for a nursing home can quickly add up.
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South Carolina began a statewide Long Term Care Insurance Partnership Program just a few years ago in 2009 after witnessing the rising cost of care. The program encourages state residents to invest in insurance in exchange for a Medicaid waiver, to help them prepare for their future health.