KS Average daily benefit purchased: $ 138 per day.

Kansas has a population of close to 3 million people, and as the US Census shows, over 370,000 residents in the Sunflower State are 65 years or older. That’s over half a million residents and counting in Kansas who will increasingly need and use Long Term Care. If not prepared with Long Term Care Insurance, this rising number of seniors will put increasing economic stress on families and the state of Kansas. In 2011, the total Long Term Care Medicaid expenses alone (not counting additional, private Long Term Care expenses) were over $1 billion.

The Kansas Long Term Care Partnership program began in October, 2007, under provisions of the federal Deficit Reduction Act of 2005. This program is a public-private cooperative program that was designed to help Kansans finance their own long term care needs through a private plan, while also protecting their assets if and when their private benefits run out and they need to apply for Medicaid. In other words, the Long Term Care Partnership Program provides dollar-for-dollar asset protection, so that each dollar that a Partnership policy pays out in benefits entitles the policy owner to keep a dollar of their assets if they ever need to apply for Medicaid services. What’s more, people who purchase a partnership policy may qualify for Medicaid early, before spending down all of their assets. Purchasing a Long Term Care insurance policy through the partnership program means you are not only protected by your policy, but also by Medicaid if you ever exceed the benefits of that policy.

When planning for retirement, Long Term Care Insurance is a key component for securing one’s financial future, and in Kansas, residents have the choice of around 17 great Long Term Care Insurance companies that can help protect their savings in the event they need Long Term Care services.

Most Popular Long Term Care Companies in Kansas

  • 1) Genworth
    2) Mutual of Omaha Mutual Care Plus
    3) Transamerica
    4) Mutual of Omaha
    5) Genworth Privileged Choice Flex
    6) Prudential LTC3 2005
    7) Prudential
    8) Genworth Privileged Choice Flex 2
    9) New York Life LTC Select Premier
    10) New York Life LTC Select Premier 5.5
    11) Physicians Mutual VistaChoices Basic 148
    12) Genworth PrivilegedChoice Flex
    13) Transamerica TransCare II 2012

Most Insured Cities in Kansas

  • 1) Overland Park – last quote: $150/day
    2) Wichita – last quote: $120/day
    3) Olathe – last quote: $150/day
    4) Topeka – last quote: $150/day
    5) Newton – last quote: $150/day
    6) Tecumseh – last quote: $130/day
    7) Lenexa – last quote: $150/day
    8) Shawnee – last quote: $150/day
    9) Eudora – last quote: $150/day
    10) Salina – last quote: $150/day
    11) Leavenworth – last quote: $150/day
    12) Lawrence – last quote: $150/day
    13) Mcpherson – last quote: $150/day
    14) Prairie Village – last quote: $150/day
    15) Dodge City – last quote: $100/day

More on Kansas

Kansas, like many states, has instituted a program to tackle the problem of lack of Long Term Care Insurance coverage for its residents via a partnership program between private industry and the State.  Kansas’s population is rapidly aging and awareness of the need for Long Term Care Insurance remains low.  Long Term Care Insurance covers the cost of services such as nursing homes, in-home care and assisted-living care when one is unable to care for themselves and is not covered by regular health insurance and only by Medicaid if one qualifies, which can be difficult without exhausting all of your assets.

The Kansas Partnership for Long-Term Care offers a way for Kansans to protect their assets if they ever need to apply for Medicaid services.  A recent study found that 7 in 10 Americans have made no plans for long-term care and many were not even aware of this type of insurance and what it covers.  And, given that the Department of Health and Human Services estimates that 2/3 of all Americans will need long-term care at some point after they pass age 65, this does, indeed, constitute a problem to be reckoned with.  Many Americans, regardless of the State in which they live, are now at risk of having to exhaust their nest egg or rely on their children or other relative to care for them in retirement should they become unable to care for themselves.

Residents of Kansas are able to participate in the Partnership for Long-Term Care via a number of policy options that meet certain State-and Federally-mandated criteria and qualifications.  Kansas, like many states, aims to reward those who do their part in solving this problem of Long Term Care Insurance coverage by planning ahead and protecting themselves and their assets.  Basically, it works like this, Kansas residents that purchase partnership policies are eligible for Medicaid, dollar-for-dollar asset protection.  This enables partnership policyholders to shield their assets should they need to apply for Medicaid as normally one is required to exhaust all assets before qualifying for Medicaid’s long term care coverage. Highlights and requirements of the Partnership Program include the initiative that encourages Kansans to partner with the state based program as they purchase qualified private long term care insurance policies.

Kansas partnership qualified policies are available from licensed insurance professionals.  Policies must meet the state and federal Partnership requirements.  People who purchase qualifying long-term care policies, after depleting their insurance benefits, may still qualify for Medicaid, provided they meet all other Medicaid eligibility criteria.

The Long-Term Care Partnership program provides dollar for dollar asset protection. Each dollar that your partnership policy pays out in benefits. entitles you to keep a dollar of your assets if you ever need to apply for Medicaid services. Under provisions of the federal Deficit Reduction Act of 2005, states are authorized to enact Partnership programs.  Partnership programs must be tax-qualified, contain certain consumer protection provisions and provide inflation protection.

You can start planning today for your future long-term care needs and securing all that you have worked so hard to achieve for your retirement by purchasing a Long Term Care Insurance policy.  LTC Tree can assist you in finding a plan through the Kansas Partnership for Long-Term Care that is right for you, no matter your age or financial status.  If you would like to learn more about our affordable Long Term Care Insurance policies, simply fill out this form.  Thank you for reading today’s blog.  We really appreciate it.