NE Average daily benefit purchased: $ 138 per day.

Nebraska State Capital

Long term care provides support and services when you can’t care for yourself for an extended period of time. It ranges from simple assistance with activities of daily living (for example, getting dressed, bathing) in your own home, to highly skilled care in a nursing facility. Long-term care insurance is designed to pay some or all of the costs of assisted care when you can no longer take care of your needs on your own. Policy options may include care in a nursing home, assisted living facility, adult day care, or even in your own home.

There are nearly 2 million people who call the state of Nebraska their home. According to the US Census, 250,000 of those residents are aged 65 or older. Without Long Term Care Insurance, this rising number of seniors in the Cornhusker state will put increasing economic stress on families and the state. In 2011, the total Long Term Care Medicad expenses alone (not counting additional, private Long Term Care expenses) in Nebraska were close to $700 million.

When planning for retirement, Long Term Care Insurance is a key component for securing one’s financial future. Thankfully, residents of Nebraska 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 Nebraska

  • 1) Genworth
    2) Mutual of Omaha
    3) Genworth Privileged Choice Flex
    4) Mutual of Omaha Mutual Care Plus
    5) Genworth Privileged Choice Flex 2
    6) Transamerica
    7) Mass Mutual
    8) New York Life LTC Select Premier 5.5
    9) Genworth Privileged Choice Flex2

Most Insured Cities in Nebraska

  • 1) Lincoln – last quote: $100/day
    2) Omaha – last quote: $100/day
    3) Papillion – last quote: $150/day
    4) Hastings – last quote: $100/day
    5) Grand Island – last quote: $120/day
    6) Beatrice – last quote: $150/day
    7) Bellevue – last quote: $150/day
    8) Elkhorn – last quote: $100/day
    9) Harrisburg – last quote: $150/day
    10) Chappell – last quote: $200/day
    11) Firth – last quote: $150/day
    12) Wilber – last quote: $150/day
    13) Oxford – last quote: $150/day
    14) Wauneta – last quote: $150/day
    15) Brunswick – last quote: $150/day

More on Nebraska

Nebraska, among many states, has instituted a program to tackle the problem of lack of Long Term Care Insurance coverage for its residents via a Long Term Care Insurance partnership program between private industry and the State.  With the population of Nebraska, like the rest of the country, rapidly aging and awareness of the need for Long Term Care Insurance remaining low, an impending financial crisis in coverage for long-term care services is on the horizon. 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 Nebraska Long Term Care Insurance partnership program offers tax qualified long-term care insurance policies (including a certificate issued under a group insurance contract) which would result in an asset disregard equal to the amount of long term care benefits received under a Partnership Policy for the purpose of determining the policyholder’s eligibility for Medicaid after the policy benefits are exhausted.

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 Nebraska are able to participate in the Nebraska Long Term Care Insurance Partnership Program via a number of policy options that meet certain State-mandated criteria.  Nebraska, 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, the Nebraska Long Term Care Insurance Partnership plan works like this: purchasers of partnership policies are eligible for Medicaid asset protection which means that Partnership Plans help provide you with asset protection in the event you use your policy benefits and need to seek continued benefits through Medicaid.  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:

Partnership policies:

  • Must be qualified under federal tax law.
  • Must have a valid issue date. The policy must have been issued after July 1, 2006, the effective date of the Nebraska Long Term Care Partnership Program.
  • Must be for a vaild State of resident. The policy must cover an insured who was a resident of Nebraska when coverage first became effective under the policy.
  • Meet strtict consumer protection requirements. The Federal 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)) must be met with respect to the policy.

Inflation protection. With respect to inflation protection, if the policy is sold to an individual who has not attained age 61 as of the date of purchase, the policy must provide compound annual inflation protection.  If the policy is sold to an individual who has attained age 61 but has not attained age 76 as of the date of purchase, the policy must provide some level of inflation protection. If the policy is sold to an individual who has attained the age of 76 as of the date of purchase, no inflation protection is required.

The inflation protection requirements are crucial here.  Inflation protection insures that your policy will pay out in tomorrow’s dollars and that your covered for the care you need.  More information on the Nebraska Partnership Program for Long Term Care Insurance can be found here and a list of certified partnership policies can be found here (link to:

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 Nebraska Long Term Care Insurance Partnership Program that is right for you, no matter your age or financial status.  If you would like to learn more about an affordable Nebraska Long Term Care Insurance Partnership policy, simply fill out the form at the bottom of the page.  Thank you for reading today’s blog.  We really appreciate it.